As the world’s largest crude oil importer, China has long relied on a double-insurance system to safeguard domestic oil supply. The strategy combines two pillars: diversifying where its crude comes from, while simultaneously building vast strategic and commercial stockpiles. Experts say that approach appears to have helped China absorb at least the initial shock after…
This photo, taken on May 22, 2025, shows a container terminal in Hong Kong. (PHOTO / XINHUA) The value of Hong Kong’s total exports of goods increased by 14.5 percent over a year earlier to HK$436.6 billion ($56.1 billion) in August, after rising 14.3 percent in the previous month, according to official data released on…
President Donald Trump is urging NATO allies to stop buying Russian oil to cut off its main source of funding for its war in Ukraine, a move that experts warn could impact global oil supply and raise gas prices in the U.S.”We’re not buying oil from Russia. (NATO) is buying a lot of oil from…