Latest News for: Oil trading china

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Asian stocks gain after Fed allays fear of a rate hike

Business Day 02 May 2024
The yen traded as strong as ¥153 to the dollar before sliding back to about ¥156 in Asia ... Outside oil, trade in other commodities was subdued by holidays in China, where markets are closed for the rest of the week.
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Stronger US dollar or weaker peers? A dilemma in the currency world

Khaleejtimes 29 Apr 2024
To the extent that, Venezuela has opted to move away from US dollar for its oil trade. Russia and China have also distanced itself from US dollar for its bilateral trade ... China offloading US Treasuries, stockpiling metals.
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CPO FUTURES TO TRADE IN NARROW RANGE NEXT WEEK

Malaysian National News Agency 27 Apr 2024
... buying and better coverage attempts from key buyers such as in India and China, with some support from the strength in the soybean oil futures on the Chicago Board of Trade and crude oil futures.
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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
I have kept in my files on the South China Sea dispute and Filipino-Chinese relations a report published in the Philippine Daily Inquirer on June 29, 2019, that was headlined, "Duterte recalls warning if PH explores sea for oil.".
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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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