Browsing Tag

Oil

China reaches an agreement with the Taliban to exploit oil in Afghanistan,

Rose Jan 11, 2023

The Taliban has agreed to a 25-year deal with a Chinese business to explore oil in the Amu Darya basin of Afghanistan, marking its first major energy extractions deal since seizing control of Afghanistan in 2021. The arrangement between…

Oil prices fall: China’s worldwide demand and Indian stocks are expected to grow

Rose Dec 9, 2022

On Friday, Indian shares are expected to rise due to falling crude oil prices and expectations of a recovery in global demand as a result of China relaxing its strict COVID-19 import regulations. As of 7:25 am IST, the NSE stock futures…

China acquires Russian oil at rock-bottom costs, defying price limitations

Clark Baisa Dec 8, 2022

Even though the actual prices refiners pay may be higher than the price cap set this week by Western nations, China is purchasing Russian ESPO crude oil at the steepest discounts in months due to weak demand and low refining margins. The…

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