The Los Angeles Post
U.S. World Business Lifestyle
Today: April 16, 2025
Today: April 16, 2025
Chen Aizhu

Chen Aizhu

Staff Writer

Latest From Chen Aizhu

Asia|Business|Economy

Chinese LNG buyers resell US cargoes as tariffs bite

Chinese buyers of LNG are re-selling U.S.-sourced cargoes as tit-for-tat tariffs drive up import costs, and the trend is set to

Chinese LNG buyers resell US cargoes as tariffs bite
Americas|Asia|Business|Economy|Political

Trade of Venezuelan oil to China stalls after new Trump order

Trade of Venezuelan oil to top buyer China stalled on Tuesday after U.S.

Trade of Venezuelan oil to China stalls after new Trump order
Asia|Business|Economy|MidEast|Political

New US sanctions to slow but not stop China's Iranian oil imports, traders say

Iranian oil shipments into China are set to fall in the near-term after new U.S. sanctions on a refiner and tankers, driving up shipping costs, but

New US sanctions to slow but not stop China's Iranian oil imports, traders say
Asia|Business|Economy|World

Russian oil cargo transferred from sanctioned tankers discharged into China, data shows

A ship carrying Russian crude transferred from three smaller tankers that are under U.S. sanctions unloaded last week at a Chinese

Russian oil cargo transferred from sanctioned tankers discharged into China, data shows
Business|Economy|Finance|US

US LNG exporters seek to renegotiate deals to cover rising costs

Several U.S.

US LNG exporters seek to renegotiate deals to cover rising costs
Asia|Business|Economy|MidEast|Political|US|World

US sanctions strand Iran, Russia oil on tankers, driving up crude costs

The amount of Russian and Iranian oil held on ships has hit multi-month highs as harsher U.S. sanctions reduced the number of buyers, leaving fewer

US sanctions strand Iran, Russia oil on tankers, driving up crude costs
Asia|Business|Economy|Political|World

Oil, gas traders to seek tariff waivers from Beijing for US imports, sources say

Oil and gas traders are likely to seek waivers from Beijing over tariffs that the Chinese government plans to impose on U.S. crude and

Oil, gas traders to seek tariff waivers from Beijing for US imports, sources say
Asia|Business|Economy

Russia oil trade to China, India stalls as sanctions drive up shipping costs

Trade for March-loading Russian oil in top buyer Asia has stalled as a wide price gap between buyers and sellers emerged in China after

Russia oil trade to China, India stalls as sanctions drive up shipping costs
Asia|Business|Economy

China 'teapot' refiners halt plants as new fuel tax bites, sources say

Several independent oil refineries in eastern China have halted operations, or plan to do so, for indefinite maintenance periods as new Chinese

China 'teapot' refiners halt plants as new fuel tax bites, sources say
Asia|Business|Economy|World

China's crude oil imports from top supplier Russia reach new high in 2024

China's crude oil imports from top supplier Russia were up 1% in 2024 to a record high versus 2023, while purchases from Saudi Arabia dropped 9%, data showed on

China's crude oil imports from top supplier Russia reach new high in 2024
Asia|Business|Economy

China's vast refining sector faces shakeout as fuel demand peaks

Up to 10% of China's oil refining capacity faces closure in the next ten years as an earlier-than-expected peak in Chinese fuel demand crushes margins and

China's vast refining sector faces shakeout as fuel demand peaks
Uncategorized

China's Sinopec plans steady refinery output on fuel recovery

Chinese refining giant Sinopec Corp plans to maintain steady refinery output during the second half of 2023 as domestic fuel demand recovers, after reporting a 20% decline in interim profit because of lower crude oil prices. Sinopec, the world’s largest refiner by capacity, plans 127 million metric tons of crude throughput, about 5.04 million barrels per day, between July and December, versus 126.54 million tons during the first six months, the company said in a stock filing on Sunday. “The Chinese economy is seen extending its recovery. Domestic refined fuel demand is looking

China's Sinopec plans steady refinery output on fuel recovery
Business|Economy|Finance

China Sinochem buys rare Venezuelan oil cargo after U.S. suspends sanctions - sources

China's Sinochem Corp has bought a million barrels of Venezuelan crude oil for arrival in December, a rare purchase as the state oil and chemicals

China Sinochem buys rare Venezuelan oil cargo after U.S. suspends sanctions - sources
Asia|Business|Economy|Finance

Once-acquisitive Chinese oil giant looks to revive global dealmaking

CNPC, Asia's top oil producer, is reviewing its global strategy as it

Once-acquisitive Chinese oil giant looks to revive global dealmaking
Business|Economy|Finance|US|World

China's cheap Iranian oil supply at risk from tighter Trump sanctions

China faces a squeeze on supplies of cheap Iranian crude, which make up about 13% of imports by the world's biggest buyer of oil, if Donald Trump ramps

China's cheap Iranian oil supply at risk from tighter Trump sanctions
Asia|Business|Finance

Glencore-Chandra Singapore refinery to earmark 20% of output for Shell, sources say

Glencore and Chandra Asri, gearing up to complete their takeover of Shell's landmark Singapore refinery, have set up a new operating

Glencore-Chandra Singapore refinery to earmark 20% of output for Shell, sources say
Asia|Business|Economy|Finance

Sinochem may keep bankrupt refineries as auctions draw scant interest, sources say

Sinochem Group may keep three bankrupt oil refineries located in eastern China after auctions to sell them drew little interest from other companies, sources

Sinochem may keep bankrupt refineries as auctions draw scant interest, sources say
Americas|Asia|Business|Economy|MidEast|Political

Tougher U.S. sanctions to curb Russian oil supply to China and India

Chinese and Indian refiners will source more oil from the Middle East, Africa and the Americas, boosting prices and

Tougher U.S. sanctions to curb Russian oil supply to China and India
Asia|Business|Economy|Political|World

China's Shandong Port, entry point for most sanctioned oil, bans US-designated vessels

Shandong Port Group has banned U.S.-sanctioned tankers from calling into its ports in the eastern Chinese province, home to many

China's Shandong Port, entry point for most sanctioned oil, bans US-designated vessels

Follow