31 h. ago ‘Act of defiance’: China’s crude oil imports from Russia rise despite US pressure

Russia remained China’s top crude oil supplier in September, at a time when the United States is stepping up pressure on major economies to curb their reliance on energy from the Eurasian country. Imports from Russia rose 4.3 per cent in volume from August to 8.29 million tonnes in September, accounting for 17.5 per cent of China’s total crude imports, customs data showed – a sign of Beijing’s willingness to maintain trade links with Moscow despite geopolitical frictions. Chinese purchases of US...

Events

36 h. ago China is soaking up oil imports, and the US and Russia are reasons why

China is soaking up oil imports, and the US and Russia are reasons why  thenationalnews.com

Politics

37 h. ago Malaysia’s cheap petrol fuels ‘shadow economy bonus’ for smugglers

Malaysia has raised the alarm over potential misuse of subsidised petrol in its states bordering Thailand, with data showing some motorists rapidly exhausting their monthly quotas and raising suspicions that a new fuel aid scheme is being exploited to feed smuggling networks. Under the Budi95 scheme that was rolled out nationwide on September 27, eligible Malaysians pay 1.99 ringgit (42 US cents) per litre for RON95 petrol instead of the unsubsidised 2.60 ringgit. The subsided amount of fuel is...

Politics

41 h. ago End Russian oil imports or ‘massive’ tariffs will remain, Trump warns India

US President Donald Trump reiterated on Sunday that Indian Prime Minister Narendra Modi told him India would stop buying Russian oil, while warning that New Delhi would continue paying “massive” tariffs if it did not do so. “I spoke with Prime Minister Modi of India, and he said he’s not going to be doing the Russian oil thing,” Trump told reporters aboard Air Force One. Asked about India’s assertion that it was not aware of any conversation between Modi and Trump, Trump replied: “But if they...

Events

4 d. ago China’s Canadian oil imports hit record as Beijing shuns US crude

China’s Canadian oil imports hit record as Beijing shuns US crude  investingLive

Events

5 d. ago US, UK ramp up pressure on India, China to cut Russian oil imports

US, UK ramp up pressure on India, China to cut Russian oil imports  Reuters

Events

6 d. ago 500% tariffs on China soon? Bessent says 85 US senators ready to give Trump authority over Beijing's Russian oil imports

500% tariffs on China soon? Bessent says 85 US senators ready to give Trump authority over Beijing's Russian oil imports  Mint

Politics

6 d. ago E&E News: Trump takes aim at cooking oil imports from China as soybean sales sink

E&E News: Trump takes aim at cooking oil imports from China as soybean sales sink  POLITICO Pro

Politics

6 d. ago Bunge Soars After Trump Targets Cooking Oil Imports From China

Bunge Soars After Trump Targets Cooking Oil Imports From China  The Wall Street Journal

Politics

6 d. ago Trump’s cooking oil embargo threat, ‘red gift bag’ arrest: SCMP daily highlights

Catch up on some of SCMP’s biggest China stories of the day. If you would like to see more of our reporting, please consider subscribing. 1. Trump threatens China with cooking oil embargo over soybean snub US President Donald Trump on Tuesday called China “economically hostile” for not buying American soybeans and threatened to halt imports of cooking oil and other products from the country in retaliation. 2. ‘Red gift bag’: US national security expert arrested over classified documents Ashley...

Events

6 d. ago Stock market today: S&P 500 drops as Trump warns China of cooking oil import ban

Stock market today: S&P 500 drops as Trump warns China of cooking oil import ban  Investing.com

Events

8 d. ago China's September oil imports rise 3.9% on year, drop 4.5% from August

China's September oil imports rise 3.9% on year, drop 4.5% from August  Reuters

Politics

8 d. ago Post signs pact with Indonesian business guild to hold events, dialogue

The South China Morning Post has signed a memorandum of understanding with the Indonesian Chamber of Commerce and Industry, or Kadin Indonesia, to establish a platform for dialogue between the business leaders of Indonesia and the Chinese mainland, including Hong Kong. The Post, which has been covering China from Hong Kong since its first front page was published in November 1903, will leverage its editorial authority, convening power and international readership, while Kadin Indonesia will...

Politics

2 w. ago Chinese Cars for Iranian Copper: How Sanctions Revived Barter Trade

Chinese Cars for Iranian Copper: How Sanctions Revived Barter Trade  Bloomberg.com

Politics

2 w. ago Is India buckling under US pressure on Russian oil purchase?

India may buy less Russian oil and increase its imports of American crude, while also considering sourcing from blacklisted suppliers such as Iran and Venezuela, according to officials and media reports. The shift reflects New Delhi’s effort to preserve its strategic autonomy, even as it is unwilling to meet Washington’s demands, with the US linking closer trade and diplomatic ties to a cut in Russian oil imports, according to analysts. Since the Russian invasion of Ukraine in February 2022,...

Events

3 w. ago China’s Indonesian oil imports raise suspicions of Iranian trade

China’s Indonesian oil imports raise suspicions of Iranian trade - Bloomberg  ایران اینترنشنال

Politics

4 w. ago China’s crude oil imports from Russia dip in August – is it a one

China’s imports of crude oil from Russia fell in August, but official data shows the change was offset by higher purchases from elsewhere, even as China’s purchases from the US remained suspended for a third straight month. By volume, China imported 15.2 per cent less crude oil from its northern neighbour last month, year on year, totalling 7.94 million tonnes. And analysts were mixed on whether the decline might be a temporary fluctuation or a sign of a broader trend. The latest customs data...

Politics