Stay updated with breaking news from Vortexa Ltd. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
China doubled down on imports of Iranian and Venezuelan crude in 2021, taking the most from the U.S.-sanctioned regimes in three years, as refiners brushed off the risk of penalties to scoop up cheap oil.
China last year doubled down on imports of Iranian and Venezuelan crude, taking the most from the US-sanctioned regimes in three years, as refiners brushed off the risk of penalties to scoop up cheap oil. Crude processors in the world’s biggest importer were observed to have bought 324 million barrels from Iran and Venezuela last year, about 53 percent more than a year earlier, data from market intelligence firm Kpler showed. That is the most since 2018, when China took 352 million barrels from the two nations. Chinese buyers, especially private refiners, have benefited from Washington’s t...
(Bloomberg) -- China doubled down on imports of Iranian and Venezuelan crude in 2021, taking the most from the U.S.-sanctioned regimes in three years as the nation’s refiners brushed off the risk of penalties to scoop up cheap oil.
HONG KONG: Asia’s relentless buying of liquefied natural gas (LNG) earlier this year has left the region so well stocked for winter that spot shipments are being diverted to energy-hungry Europe.
Liquefied natural gas (LNG) tankers en route to Asia are abruptly being rerouted to Europe to take advantage of wide premiums as prices on the continent