Friday, 21 February 2025

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Chen Aizhu

FILE PHOTO: A crude oil tanker sails in Nakhodka Bay near the port city of Nakhodka, Russia, December 4, 2022. REUTERS/Tatiana Meel/File Photo

Business News Oil Politics Trade

China’s crude oil imports from top supplier Russia reach new high in 2024

Volumes from Russia — including pipeline and seaborne supplies — amounted to 2.17 million barrels per day.

By Chen Aizhu20 Jan 2025Reuters

Ligovsky Prospect, Tutunciftlik, Izmit, Turkey, December 15, 2019. REUTERS/Yoruk Isik

Business Economy News Oil Politics Trade

Tougher U.S. sanctions to curb Russian oil supply to China and India

US sanctions on Russian oil force China and India to seek Middle Eastern, African supplies, spiking prices and freight costs.

By Nidhi Verma, Chen Aizhu, Siyi Liu and Florence Tan12 Jan 2025Reuters

FILE PHOTO: Immigration inspection officers in protective suits check a tanker carrying imported crude oil at the port in Qingdao, Shandong province, China May 9, 2022. China Daily via REUTERS /File Photo

Business News Oil Politics Trade

China’s Shandong Port, entry point for most sanctioned oil, bans US-designated vessels

The move comes weeks after the U.S. imposed further sanctions on companies and ships that deal with Iranian oil.

By Chen Aizhu, Siyi Liu and Trixie Yap7 Jan 2025Reuters

FILE PHOTO: A view of Shell's Pulau Bukom refinery in Singapore, July 18, 2024. REUTERS/Caroline Chia/File Photo

Business News Oil

Glencore-Chandra Singapore refinery to earmark 20% of output for Shell, sources say

Glencore and Chandra Asri aim to finalize their Singapore refinery acquisition in Q1 2025, launching Aster for operations.

By Trixie Yap, Florence Tan and Chen Aizhu13 Nov 2024Reuters

FILE PHOTO: A man is seen at an exit of the refinery plants of Chambroad Petrochemicals in Binzhou, Shandong province, China October 24, 2019. REUTERS/Stringer/File Photo

Legislation News Oil Politics Trade

China’s cheap Iranian oil supply at risk from tighter Trump sanctions

China may face an Iranian oil squeeze, 13% of its imports, if Trump enforces sanctions after his January return.

By Chen Aizhu and Siyi Liu6 Nov 2024Reuters

FILE PHOTO: People visit a booth of China National Petroleum Corporation (CNPC) at the Smart China Expo in Chongqing, China August 23, 2018. Picture taken August 23, 2018. REUTERS/Stringer/File Photo

Business Fuel News Oil

Once-acquisitive Chinese oil giant looks to revive global dealmaking

CNPC eyes oil deals and investments across the globe amid stagnant output at home in China.

By Chen Aizhu27 Aug 2024Reuters