Exports – Page 6 – Charm

China Keeps 2024 Fuel Export Quota Level Similar to Last Year

Cs news10 months ago01 mins

China issued the third and what’s likely to be the final batch of fuel export quota for this year, keeping the level very similar to 2023 in a sign it doesn’t want to encourage refiners to boost activity. Seven refiners and traders received permission to export 8 million tons of gasoline, diesel and jet fuel…

Vladimir Putin’s Pivot to China is backfiring

Cs news10 months ago06 mins

Russia’s pivot to China has faced multiple setbacks this year as Chinese banks, wary of U.S. sanctions imposed over Vladimir Putin‘s invasion of Ukraine, are rejecting transactions, forcing Moscow to raise fees on yuan (RMB) transfers. Heavily sanctioned Moscow has benefited from the world’s second-largest economy since the Ukraine war began, with bilateral trade rocketing…