China – Page 2 – Oil & Gas 360

U.S. sanctions disrupt Chinese teapots’ purchases of Iranian oil

May 8, 2025

(Oil Price) – Independent Chinese refiners have started to experience difficulties in procuring cheap Iranian crude oil while others have stopped purchases from Iran, after the United States sanctioned two independent refiners in the past two months, sources with knowledge of the issue have told Reuters. Chinese crude oil imports topped 12 million barrels per day (bpd) in March, the highest volume

Oil rises as market eyes US-China trade talks, lower US output

May 7, 2025

(Investing) – LONDON – Oil prices pared gains on Wednesday but rose for a second session, finding support from positive investor sentiment over U.S.-China trade talks to be held this weekend and signs of lower U.S. shale output. Brent crude futures climbed 41 cents a barrel, or around 0.7%, to $62.56 a barrel by 1219 GMT, while U.S. West Texas Intermediate crude

Oil prices stable amid economic uncertainty, OPEC+ supply fears

April 28, 2025

(Investing) – LONDON – Oil prices were stable on Monday as investors weighed up uncertainty over trade talks between the U.S. and China, clouding the outlook for global growth and fuel demand, as well as the prospect of OPEC+ raising supply. Brent crude futures were down 15 cents, or 0.22%, at $66.72 a barrel, as of 1204 GMT. U.S. West Texas Intermediate

Oil prices rebound on hopes of U.S.-China tariff de-escalation

April 24, 2025

(Oil Price) – Oil prices rose early on Thursday, recouping some of Wednesday’s losses, after signs emerged that there could be some tariff and trade talks between the United States and China. As of 9:28 a.m. EDT on Thursday, the U.S. benchmark, WTI Crude, was up by 0.95% on the day and traded at $62.86. The international benchmark, Brent Crude, traded 0.7%% higher

A note on the news: Game changed

April 22, 2025

(Oil & Gas 360) – The United States is in a worldwide competition with China. Until recently, considerations of this competition focused on the possibility of a war between the US and China in the Taiwan Straits. It is apparent a direct military confrontation in the Taiwan Straits is not in anyone’s best interest. This competition is about far more than

Ball in China’s court for trade talks, White House says

April 16, 2025

(Investing) – WASHINGTON – U.S. President Donald Trump is open to making a trade deal with China but Beijing should make the first move, White House press secretary Karoline Leavitt said on Tuesday. “The ball is in China’s court: China needs to make a deal with us, we don’t have to make a deal with them,” Leavitt told a press briefing,

Oil rises 1% but trades at multi-year lows as China braces for US trade war

April 8, 2025

(Investing) – HOUSTON -Oil prices ticked higher on Tuesday but remained near four-year lows as recession fears exacerbated by trade conflict between the United States and China, the world’s two biggest economies offset a recovery in equity markets. Brent futures were up 66 cents, or 1.03%, at $64.87 a barrel at 10:13 a.m. EDT. U.S. West Texas Intermediate crude futures rose 75

China hits back at US tariffs with rare earth export controls

April 4, 2025

(Investing) – BEIJING/LONDON -China placed export restrictions on key rare earth elements on Friday as part of its sweeping response to President Donald Trump’s tariffs, potentially squeezing supply to the U.S. and the West of minerals vital to everything from defense to electric cars. China produces around 90% of the world’s refined rare earths, a group of 17 elements used across

China’s ENN Energy valued at $11.6 billion in privatization offer

March 26, 2025

(Oil Price) – Chinese gas and clean energy distribution firm ENN Energy Holdings Limited has been valued at around US$11.6 billion (HK$90.50 billion) under a privatization offer from another ENN affiliate, the companies involved in the proposed transaction said on Wednesday. Under the proposed deal, ENN Natural Gas – one of the affiliate companies of ENN Energy part of the ENN Group of

China’s purchases stall after Trump’s tariff threat on buyers of Venezuelan oil

March 25, 2025

(Oil Price) – China, the biggest buyer of oil from Venezuela, saw trade with Venezuela stall on Tuesday after U.S. President Donald Trump threatened on Monday 25% tariffs on the goods of any country buying Venezuelan oil. Traders and refiners in China were caught off guard by Monday’s executive order and are waiting to see whether Beijing will have some direction on the

Oil rises for fifth day on supply concerns after Venezuela tariffs

March 25, 2025

(Investing) – LONDON – Oil prices rose on Tuesday for a fifth day on expectations that global supply may tighten after the U.S. announced tariffs on countries that buy Venezuelan crude, although OPEC+ plans to go ahead with an output hike in May limited gains. Brent crude futures were up 46 cents, or 0.6%, at $73.46 a barrel by 1023 GMT.

Trade wars begin as U.S. tariffs on Canada and Mexico come into effect

March 4, 2025

(Oil Price) – The global trade wars intensified on Tuesday as the U.S. tariffs on Canada and Mexico took effect and China was slapped an additional 10% levy, prompting retaliatory tariffs and sending equity markets and oil prices lower. Oil prices were down by 1% in Asian trading early on Tuesday, as markets fear economic slowdown from the tariffs and

Premium Content