China's oil consumption will rise 1.1% in 2025 to 765 million metric tons amid better than expected economic growth and increasing demand for petrochemicals, a think tank affiliated with state energy company China National Petroleum Corp (CNPC) said on Tuesday.

The former head of trader Mercuria's Beijing operation is joining China's largest private oil refining and chemical group Rongsheng Holdings in a senior position, according to four sources with direct knowledge of the matter.

Oil prices slipped in Asian trading Monday, halting a three-week rally, after Chinese state media reported a significant oil discovery in the South China Sea. China National Offshore Oil Corporation (CNOOC) confirmed a

NEW DELHI] China is willing to buy more Indian products to balance trade, Beijing’s Ambassador Xu Feihong said just ahead of a US tariff announcement expected to hit the south Asian neighbours. Read more at The Business Times.

Trade of Venezuelan oil to top buyer China stalled on Tuesday after U.S. President Donald Trump's order threatening tariffs on countries buying from Caracas created fresh uncertainty, days after U.S.

As Donald Trump’s April 2 “Liberation Day” for announcing “reciprocal” tariffs on America’s trading partners approaches, the question in Beijing is whether this will be the moment when its nascent trade war with the US really escalates.

Very angry’ Trump says he will punish all buyers of Russian oil if he believes Putin is scuppering a ceasefire deal on Ukraine

NEW YORK] Oil prices edged lower on Tuesday as traders braced for reciprocal tariffs that US President Donald Trump is due to announce on Wednesday, which could intensify a global trade war. Read more at The Business Times.

The trade of Venezuelan oil to its main consumer, China, was severely disrupted on Tuesday due to an unexpected order from US President Donald Trump.