China’s crude oil imports from Russia reached a record high in 2024, rising 1% from 2023, while shipments from Saudi Arabia fell 9%, according to data released Monday. Refiners prioritized reduced Russian supplies to cushion weak margins. Data from the General Administration of Customs showed that China imported 108.5 million metric tons of crude from … Read more
New Delhi/Singapore: Chinese and Indian refiners will import more oil from the Middle East, Africa and the Americas, boosting prices and shipping costs, as new US sanctions on Russian producers and ships curb supplies to Moscow’s top customers, traders and analysts said. On Friday, the US Treasury Department imposed sanctions on the two Russian oil … Read more
Afghanistan became the largest importer of Russian flour last year, doubling its purchases, according to Russia’s state agricultural export agency, Agroexport. The agency stated that Afghanistan imports flour due to insufficient local production capacity to meet demand. The increase in imports came as Russia strengthened its relations with the Afghan Taliban government. Last month, the … Read more
Pakistan has agreed to import Russian crude oil at a discounted price, following the agreement reached during the intergovernmental committee meeting in Moscow. News I mentioned. Federal Minister of Energy Sardar Owais Leghari led the Pakistani delegation to the meeting. The two sides decided to resume crude oil trade from January 2025, with Pakistan importing … Read more
A man walks near machinery in the hot strip mill section at Pakistan Steel Mills (PSM) on the outskirts of Karachi on February 8, 2016. — Reuters Sindh Chief Minister Murad Ali Shah said efforts to revive Pakistani steel mills are making progress, with an online meeting scheduled next week between Pakistani experts and representatives … Read more
Russian President Vladimir Putin launched a massive exercise on Tuesday the country’s nuclear forces featuring missile launches in a simulated retaliatory strike, as he continued to assert the country’s nuclear power amid growing tensions with the West over Ukraine. Speaking in a video call with military leaders, Putin said the exercises would simulate the action … Read more