Latest News for: Oil china trading

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Granting waivers on Iranian oil only emboldens the ayatollahs

The Hill 26 Apr 2024
A second provision, specifically targeted at Iran’s oil trade with China, expands secondary sanctions that would apply to Chinese financial institutions involved in Iranian oil sales to China.
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The impact of BRICS expansion on the global economy

Cryptopolitan 26 Apr 2024
China’s dealing with a slump in its property sector, dragging down domestic demand and stirring up trade tensions ... Some are cashing in on changing global supply chains and the ongoing U.S.-China trade tensions.
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Biden signs Iran oil sanctions measures into law

Tradewinds 25 Apr 2024
... tougher measures targeting the Iranian oil trade with China.
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Saudi Arabia sees 4.4% surge in non-oil exports in February

The Siasat Daily 24 Apr 2024
China was Saudi Arabia’s primary merchandise trading partner in February, with exports to the Asian nation amounting to 13.2 per cent of the total ... On the import side, China held the lead, accounting for 19.9 per cent in imports in December 2023.
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Venezuela to start using crypto for oil trades

Cryptopolitan 23 Apr 2024
oil sanctions ... to continue oil trade with Venezuela ... dollar has been the dominant currency for oil transactions ... PDVSA’s increased reliance on intermediaries, especially for trades with China, aims to mitigate the impact of U.S.
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Duterte has more to explain in his secret understandings with Xi Jinping

The Manila Times 22 Apr 2024
In 2004, the Philippines, China, and Vietnam agreed to a Joint Marine Seismic Undertaking (JMSU) in the South China Sea involving the Philippine National Oil Corp., China National Offshore Oil Co., and Vietnam Oil and Gas Corp.
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More bark than bite: US puts squeeze on shipowners in Iranian trades

Tradewinds 22 Apr 2024
New planned Iranian oil laws in the US will target the trade ...
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Challenges in US-Iran Relations: New Sanctions on Iran's Oil Sector

LBC International 21 Apr 2024
Firstly, in recent years, Iran-China oil trade networks have evolved, employing sophisticated techniques that are difficult to track, such as ship-to-ship oil transfers at sea and cash payments outside the banking system.
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China will stop Iran from causing a global oil spike

AOL 21 Apr 2024
... – is the price of oil ... Consider that China, as well as being Iran’s main trading partner, has replaced the US as the world’s largest oil importer – with the Gulf accounting for half those imports.
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Oil prices get short-lived boost from attack on Iran

CNN 19 Apr 2024
The oil market’s biggest fear is that a wider war could disrupt shipping through the Strait of Hormuz, a narrow waterway off Iran’s southern border through which more than a quarter of global maritime oil trade flows each day.
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Oil jumps more than 3% on Middle East worries

The Philadelphia Inquirer 19 Apr 2024
HONG KONG, China — Oil prices surged more than three percent in early Asian trade on Friday following unconfirmed reports of ...
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Russia builds new Asia trade routes to weaken sanctions over war

Deccan Herald 19 Apr 2024
That’s the main idea.”</p><p>Driven by Russian oil sales and purchases of electronics, industrial equipment and cars, trade with China hit a record $240 billion in 2023, more than double the $108 billion reached in 2020.
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India fails to make substantial export gains in the US and Europe in FY24

Live Mint 19 Apr 2024
... Forest regulations, economy think tank Global&nbsp;Trade Research Initiative (GTRI) said in a recent report on India's trade.'India should deal with each of these with a transactional approach.
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Calls for de-escalation amid reports of Israeli strikes on Iran

Dawn 19 Apr 2024
The country is a close partner of Iran, its largest trade partner, and a top buyer of its sanctioned oil ... Oil prices surged more than three per cent in early Asian trade on Friday following the reports of explosions.
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Calls for de-escalation as world reacts to reports of Israeli strikes on Iran

Dawn 19 Apr 2024
China. China said it will “continue to play a constructive role to de-escalate” tensions in the Middle East. The country is a close partner of Iran, its largest trade partner, and a top buyer of its sanctioned oil.
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