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Russia has rerouted its oil exports away from Europe towards Asia. Suriyapong Thongsawang/Getty Images China's imports of Malaysian crude oil have soared to nearly 800,000 barrels per day, according to data compiled by Bloomberg. That's more oil than what Malaysia actually produces on its own, suggesting some crude arrived from other sources. The waters off […]
Iraq, a major Middle East grain importer, is interested in purchasing Russia’s durum wheat, agriculture watchdog Rosselkhoznadzor said in a statement following talks with officials from the Iraqi Trade Ministry. According to the statement, the officials were asked to provide the Iraqi side with data on production volumes in different regions of Russia, as well […]
China’s crude oil imports averaged more than 10 million bpd for the first time ever in November, as they beat the previous record for highest crude imports set in October, according to Chinese customs data, as carried by Reuters. Chinese crude oil imports surged to an all-time high of 10.43 million bpd (barrels per day) […]
Turkey has told the World Trade Organization it plans to impose steel import quotas from October 17 to protect the domestic steel industry. Earlier this year, the United States doubled the previously-imposed import tariffs on Turkish aluminum and steel to 20 percent and 50 percent, respectively. A trade dispute between Ankara and Washington has been […]
America’s second-largest oil client, China, has completely stopped buying crude from the United States as trade tensions between the world’s two largest economies continue to grow. While oil has not been included on the list of bilateral tariffs, Chinese refiners have been staying away from buying crude from the US. Read more “We are one […]
While the patent lawsuit battle between Qualcomm and Apple is far from over — remember how long it took for things to get settled with Samsung? — we do have an update. On Friday, U.S. International Trade Commission judge Thomas Pender found (PDF) that the iPhones violate one of Qualcomm’s patents, but still refused to […]
Washington trade tariffs against Beijing appear to be backfiring on the US coal industry, as Chinese importers are finding new domestic alternatives to soften the blow. “We have completely stopped US metallurgical coal (imports), which is popular among steel mills, in late July. There is too much uncertainty in trade,” a senior manager at a […]
A World Trade Organization (WTO) dispute panel has ruled in favour of Russia over its alleged refusal to import Ukrainian railway equipment. Railway equipment is a major export for Kiev. According to Kiev, Russia has purchased wagons, rolling stock, turnouts and other components from Ukraine since 2013. Before the relations between Moscow and Kiev deteriorated, […]
Enlarge / Rail trucks loaded with uranium ore wait for transportation at the uranium mine operated by Geam, a division of Diamo S.P. mining company, in Rozna, Czech Republic, on Monday, Dec. 13, 2010. Photographer: Vladimir Weiss/Bloomberg via Getty Images (credit: Getty Images) This week, the US Department of Commerce opened an investigation into the […]
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