Saudi Arabia expands share in China oil market, Russia lags
SINGAPORE : Saudi Arabia retained its top ranking in Chinese oil supplies in 2021, with supplies up 3.1per cent over 2020, and increased its share to 17per cent of total Chinese imports, customs data showed.China brought in 87.58 million tonnes of crude oil from the kingdom, or an equivalence of 1.75 mill
The expanded market share by the top OPEC exporter came as it boosted sales to national refiners and bolstered by demand from private mega refiners Zhejiang Petrochemical Corp and Hengli Petrochemical.Graphic: China crude oil imports by origin in 2021: https://fingfx.thomsonreuters.com/gfx/ce/lgvdwjzkopo/ChinaCrudeImportsbyOrigin.png
Imports from Oman and Malaysia gained 18per cent and 50per cent, respectively.Officially, Chinese customs data has consistently not shown any imports from Venezuela.Country December yr/yr per cent Jan-Dec yr/yr per centSaudi 6,623,516 -4.5 87,576,703 3.1Read more: CNA »
11 dead as Saudi-led coalition bombs Yemen after Houthi attack on UAE
Asian shares rise as China cuts key mortgage rateSHANGHAI : Asian share markets broke a five-day slide to edge higher on Thursday, shrugging off drops in Europe and on Wall Street overnight as China underscored its diverging monetary and economic picture by cutting benchmark mortgage rates.Despite the steadier start in Asia, analysts at ING said geo-pol
Indonesia mulls 'limited' palm oil export controls amid surging cooking oil priceJAKARTA : Indonesia is considering 'limited restrictions' on palm oil exports and is also hiking cooking oil subsidies as part of attempts to contain surging domestic cooking oil prices and control inflation pressures, senior officials said on Tuesday.Authorities have been trying to bring down cooking oil
China Perspective Podcast: China's National Bureau of Statistics released latest GDP numbersThe future of China and the world.
Twitter expands feature allowing users to flag misleading tweetsTwitter Inc said on Monday (Jan 17) it will expand its test feature which allows users to flag misleading content on its social media platform to Brazil, Spain and the Philippines. The company had introduced the pilot test of the feature in August last year, as a part of its effort to reduce misinformation on its platform. It was first...
LG plans regional headquarter in Riyadh - Asharq TVDUBAI : South Korea's LG Corp is planning to establish its regional headquarter in Saudi Arabia's capital Riyadh, Asharq television reported on Tuesday. LG's announcement comes as the president of the East Asian country is visiting the kingdom. The world's top oil exporter and largest Arab economy