Around three months ago, China changed how it ordered goods from Russia in a way that would insulate Beijing in the event of Western sanctions on Moscow, according to a supply chain analyst citing insider information. This move suggested that China had foreknowledge of Russia’s plan to invade Ukraine, and had made contingencies to ensure…
China Changed Supply Chain Strategy With Russia 3 Months Ahead of Ukraine Invasion, Suggesting It Had Foreknowledge: Analyst
March 4, 2022
admin
Asia & PacificBusiness & EconomyChinaChina Business & Economycrude oileconomic policiesEuropeEurope-China RelationsInternationalInternational RelationsinvasionRussiaRussia-Ukraine WarsanctionUkraineUSUS NewsWorld
0 Comment
German Imports Exceeded Exports in 2021 Trade With Russia: Stats Office
BERLIN— German imports from Russia exceeded exports last year because prices for imported crude oil and natural gas had risen sharply, Germany’s Federal Statistics Office reported on Thursday. In the prior year, Germany had attained its first export surplus with Russia since 1993, the office added. The trade data highlight Germany’s reliance for energy on…
Energy Independent No More? US Poised to Be Net Oil Importer in 2022
The United States is poised to remain a net crude oil importer in 2022 for the second consecutive year, the Energy Information Administration (EIA) stated in a new report. The world’s largest economy is projected to import an annual average of 3.9 million barrels per day this year, according to the February 2022 Short-Term Energy…
OPEC+ Declines to Alter Production Quota, Agrees to Small Planned Boost in Oil Production
The Organization of Petroleum Exporting Countries (OPEC) and its crude-producing allies, known collectively as OPEC-plus, have agreed to a modest boost in oil production in line with a previously agreed schedule, a decision that’s likely to support prices that are at near seven-year highs. At the OPEC and non-OPEC ministerial meeting on Feb. 2, held…
Biden Regulatory Uncertainty, Tight Market Supporting High Oil Prices
Crude oil and natural gas prices are off to a hot start this year, driven by strengthening global demand, tighter supplies, and regulatory uncertainty. But some Wall Street institutions and the U.S. Energy Information Administration (EIA) are split on if this momentum can be sustained throughout 2022. In its January Short-Term Energy Outlook (STEO), the…
Gasoline Prices Fall Another 2 Cents Over Week
Gasoline prices continued their downward drift on Dec. 20, falling around two cents per gallon over the week and down 10 cents from a month ago, with an easing in crude prices helping put downward pressure on costs at the pump. The national average regular gasoline price fell to $3.308 per gallon by Dec. 20,…
US Sells Iranian Crude Seized En Route to Venezuela
The Justice Department has announced the sale of around 1.1 million barrels of Iranian crude oil seized by the U.S. Navy from four foreign-flagged tankers that were en route to Venezuela. The crude was the property of Iran’s Islamic Revolutionary Guard Corps (IRGC), which the United States and several other countries have designated a foreign…
Gasoline Prices Edge Down by a Penny While Oil Drops $15 Over Past Month
Oil has plunged around $15 a barrel over the past month but gasoline prices have inched down by just a penny in the same span, with persistently high costs at the pump frustrating both inflation-weary drivers and the White House, which again raised concerns about potential price gouging. Data from the American Automobile Association (AAA)…
Biden Asks China to Consider Releasing Reserves of Crude Oil in Effort to Meet Supply Needs: White House
The Biden administration has asked China to consider the possibility of releasing reserves of crude oil in an effort to meet supply needs, the White House said on Thursday. White House press secretary Jen Psaki said in a press conference that members of Biden’s national security team have “discussed with a range of countries, including China,…
Biden Asks China to Consider Releasing Reserves of Crude Oil in Effort to Meet Supply Demands: White House
The Biden administration has asked China to consider the possibility of releasing reserves of crude oil in an effort to meet supply demands, the White House said on Thursday. White House press secretary Jen Psaki said in a press conference that members of Biden’s national security team have “discussed with a range of countries, including China,…
US News
RSS Error: A feed could not be found at `https://www.theepochtimes.com/c-us/feed`; the status code is `200` and content-type is `text/html; charset=utf-8`