(Oil Price) – Tankers carrying a total of up to 12 million barrels of crude oil are either en route or close to China in East Asian waters, waiting for buyers in the world’s top crude importer, as India is pulling back. Five of these tankers signal ‘for orders’ or ‘China for orders’ as their status, per data intelligence firm Kpler
(BOE Report) – We all know people who seem to attract all the bad luck in life. Europe, facing both internal and external challenges, is starting to look like that unfortunate person. What the region needs now is clarity of purpose and a bold plan to achieve it. Some of the challenges Europe faces come from without, such as fraying
(Investing) – U.S. President Donald Trump is set to launch a strategic critical minerals stockpile with $12 billion in seed money from the U.S. Export-Import Bank, a Trump administration official familiar with the plan said. The investment marks Washington’s latest attempt to offset what policymakers view as Chinese manipulation of prices for lithium, nickel, rare earths and other critical minerals –
(BOE Report) – Where exactly is the expected supply glut in the global crude market? The best answer is China, which saw storage flows surge in December, resulting in a surplus of more than 1 million barrels per day for 2025. China’s surplus of crude oil jumped to 2.67 million bpd in December, up from 1.88 million bpd in November
(BOE Report) – The U.S. takeover of Venezuela’s oil exports has re-routed crude barrels that were being used to service debt owed to China. How much does Venezuela owe China, and how and why was the country getting debt payments after Venezuela’s default? HOW MUCH DOES VENEZUELA OWE CHINA? Data on Venezuela’s debt is sketchy, particularly since 2017 when U.S.
(BOE Report) – The ousting of Nicolas Maduro in Venezuela may mark the beginning of a broader U.S. attempt to realign Latin America geoeconomically, limiting the ability of Russia and China to use the Western Hemisphere as a pressure point in global commodity markets. Central America could become the next domino to fall. The region is an attractive route for facilitating both
(Investing) – BEIJING – Prime Minister Mark Carney hailed Canada’s improving ties with China as well as the leadership of President Xi Jinping on Thursday, declaring their nations were charting a new course in cooperation at a time of global division and disorder. The four-day visit to China was the first by a Canadian prime minister since 2017, following up on
(Oil Price) – China is expected to see a plunge in imports of oil from Venezuela in February as the now month-long U.S. blockade has prevented many China-bound cargoes from leaving Venezuelan waters. The deliveries of crude and fuel oil from Venezuela to China in February are estimated at just 166,000 barrels per day, as just 5 million barrels of Venezuelan
(Oil Price) – Chinese energy companies with operations in Venezuela have asked the government for guidance in how to protect their investments in the South American country now that the United States has effectively taken control of its oil industry. The information comes from Bloomberg, which cited unnamed sources as saying CNPC had been the leader of the group to broach
(BOE Report) – Global oil prices fell on Wednesday and China denounced the U.S. as a bully after President Donald Trump’s administration said it had persuaded Venezuela to divert supplies from Beijing and import up to $2 billion worth of embargoed crude. The deal was in line with Trump’s stated aim of controlling the South American OPEC member’s vast oil
(Oil Price) – Billions of barrels of Venezuela’s oil claimed by major state-owned Chinese and Russian companies under current deals are now in doubt following the U.S. capture of Nicolas Maduro, according to investment bank Morgan Stanley. Oil giant and top Asian refiner China Petroleum & Chemical Corporation, or Sinopec, is entitled to as many as 2.8 billion of barrels under
(Investing) – About a dozen tankers loaded with Venezuelan crude oil and fuel have left the country’s waters in dark mode since the start of the year, according to documents seen by Reuters and industry sources including monitoring service TankerTrackers.com. The movements suggest a potential breaking of a strict blockade imposed by U.S. President Donald Trump before the dramatic capture of
