Sudan Owes $3 billion Oil debt to China, India and Malaysia
The Deputy Minister of Energy and Mines, Sudan, Hamid Suleiman, disclosed that Sudan is owing to China, India and Malaysia, a combined sum of $3 billion. The debt to China...
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Angola to Reduce Number of Cargoes Sent to China
The APPO and OPEC member country is reducing its oil exports to China. This comes after the OPEC+ production cuts agreement that went into effect in May, which has been extended...
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China Plans to Switch to Cleaner Natural Gas
After China's GDP fell by 6.8 per cent during the first quarter, a situation that emerged due to the COVID-19 pandemic, the country has proven that it is focused by...
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Oil Prices Climb as China’s Imports Hit an All-Time High, While U.S Producers Hope for Higher Prices
Oil prices climbed high on Monday after the agreement by OPEC+ on Saturday to extend the current production cut deal until the end of July, and China's crude imports hit...
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117 Very Large Crude Carriers En Route to Ports in China
While oil-producing nations are counting their losses, one of the world's largest importers of crude oil, China, is using this opportunity to beef up its reserves by purchasing the cheapest...
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