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  • China is refining more oil than the US for the first time

    The upset is largely due to the pandemic-related drop in demand for gasoline and jet fuel in the US, EIA reported. With fewer customers, low prices, and much less crude as US producers curbed drilling, refiners had little reason to operate.

  • Move Over China as Australia Finds New Home for Barley in Saudi

    “We lost China,” said Whitelaw in Melbourne, but Saudi Arabia is shaping up to be Australia’s biggest customer this season. “If you look at the last three tenders in a row, we got the lion’s share of most of that,” he said. “In terms of volumes to Saudi Arabia, we’re getting more than anyone else.”

  • String Of LNG Deals Moves Qatar Closer To China

    The world’s top liquefied natural gas (LNG) exporter, Qatar, has long occupied a political position in the Middle East that has neither been decisively aligned with the U.S.-Israel-Saudi axis of power nor with the Iran-China-Russia one. More recently, though, there appears to have been a move further away from the U.S.-led sphere of influence and towards the China-led one.

  • Iran slips record volume of oil into China, reaches out to Asian clients for trade resumption

    Iran has quietly moved record amounts of crude oil to top client China in recent months, while India’s state refiners have added Iranian oil to their annual import plans on the assumption that U.S. sanctions on the OPEC supplier will soon ease, according to six industry sources and Refinitiv data.

  • Commentary: IDEX – Low-Key US Presence Opens Doors For Israel, China

    Neither the chief of U.S. Central Command (CENTCOM) nor any senior official from the Pentagon showed up to the opening ceremony of the first defense trade show held in the region since the start of the COVID-19 pandemic. This time CENTCOM was represented at the opening day by the commander of Navy Central and the deputy commander of Air Force Central.

  • China is still brimming with Iranian oil

    In December 2020, China imported 9.06 million barrels per day, a dip from November’s 11.04 million bpd—but only because refiners ran out of import quotas toward the end of the year. China is still thirsty for oil. Fresh quotas in early 2021 are 18 percent higher than a year ago.

  • Why the UAE adopted China’s Covid-19 vaccine

    Despite the absence of reliable trial data, the wealthy Gulf monarchy is set to become a regional hub for producing and distributing Sinopharm's BBIBP-CorV vaccine

  • Saudi Arabia Remained China’s Top Oil Supplier In 2020

    This means that Saudi Arabia was the top supplier to China for a second year in a row, after clinching the top spot from Russia in 2019. In that year, Saudi Arabia significantly raised its crude sales to the world’s largest oil importer, boosting its exports to China by 47 percent and beating Russia for the top Chinese supplier spot for the first time in four years.

  • Independent pandemic review panel critical of China, WHO delays

    “What is clear to the Panel is that public health measures could have been applied more forcefully by local and national health authorities in China in January,” the report said, referring to the initial outbreak of the new disease in the central city of Wuhan, in Hubei province.

  • Smartphone giant Huawei to open largest store outside China in Saudi Arabia

    Abdullah Bin Amer Al-Sawaha, Minister of Communications and Information Technology, said: “This strategic partnership with Huawei is part of the Saudi Arabia’s efforts to attract international partnerships which strengthen our position as a leading investment force in the Middle East and North Africa, a hub for innovation and entrepreneurship and a ‘digital link’ that connects three continents.”