China Slashes US Oil Imports, Turns to Canadian Supply Amid Trade Tensions
April 17, 2025
China has drastically reduced its imports of US crude oil by 90%, effectively bringing purchases to near zero. This development comes as Chinese oil refineries pivot toward record levels of oil imports from Canada, according ...
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Oil Prices Decline to Lowest Levels Since 2021 as Trade War Intensifies
April 9, 2025
Oil prices experienced a significant decline on Wednesday, marking the fifth consecutive day of losses and reaching their lowest level since February 2021. This downturn follows the implementation of “reciprocal” tariffs by U.S. President Donald ...
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Venezuela Defies U.S. Sanctions, Vows to Maintain Oil and Gas Cooperation
April 2, 2025
Venezuelan authorities have announced their determination to continue collaboration with foreign oil and gas companies despite the imposition of new sanctions by the United States. Caracas has firmly rejected these American restrictions, deeming them an ...
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