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  • Opinion: For Gulf Arab States, China Is a Temporary Friend

    At a time of American retrenchment from the Middle East, there’s a tendency in foreign-policy circles to overestimate China’s influence in the region, even an expectation that it will take on some of the hegemon’s historic responsibilities in the region. But Beijing’s interests there are economic and tend to be concentrated in the Gulf Arab states. What’s more, they have a very limited lifespan, tied to Chinese demographic trends that point to declining demand for hydrocarbons over the next two decades.

  • Engaging the Houthis in Yemen: A Repeat of China’s Afghanistan Mediation Strategy?

    This commentary provides an overview of China’s engagement with the Houthi movement over the past few years. It compares Beijing’s relationship with the Houthis to that of another armed non-state actor, the Taliban, with an eye towards identifying the trajectory this engagement might take. The commentary also considers how this relationship, in addition to the developments taking place in Sino-Saudi relations, are shaping Chinese mediation efforts in Yemen since 2015.

  • Saudi Arabia slips to 3rd-biggest in China crude supply for July

    Saudi Arabia's crude oil exports to China fell in July, taking it out of the top two supplier slots for the first time in two years, after a historic production cut to cope with a plunge in fuel demand and prices that was by the COVID-19 pandemic.

  • Saudi Aramco Suspends $10 Billion China Crude Refinery Venture

    Refiners have taken a hit as the virus curbed demand globally and margins have been squeezed. That’s changed the investment case for the refining business. Saudi Aramco had also been in talks with Indonesia’s state energy company Pertamina earlier this year over a refinery expansion project, but negotiations ended without an agreement and Pertamina is looking for another partner.

  • Pompeo pressed on claims China is helping build Saudi uranium facility

    US officials have told journalists and nuclear experts they suspect a mill for producing yellowcake – refined uranium ore – is being built by Chinese technicians in the desert near Al-Ula in the north-west of the kingdom.

  • Oil climbs on positive China data, rising demand

    Oil rose on Monday, supported by an improvement in Chinese factory data and rising energy demand as countries eased lockdowns, but traders remained cautious due to U.S.-China tensions and uncertainty over a U.S. stimulus package.

  • Report: Saudi Arabia, With China’s Help, Expands Its Nuclear Program

    “Yellowcake” is a milled form of uranium ore which occurs naturally in Saudi Arabia and neighboring countries such as Jordan. It is produced by chemically processing uranium ore into a fine powder. It takes multiple additional steps and technology to process and enrich uranium sufficiently for it to power a civil nuclear energy plant.

  • China Signs Series Of Deals To Develop Supergiant Oilfield In Iran

    Consequently, as uncovered by OilPrice.com, Iran last year signed a 25-year deal with China that publically just reiterated the key elements of a very vague co-operation deal that was agreed in 2016 but privately included a collection of highly-specific deals across many business sectors, most notably including oil and gas.

  • Oil up on weak dollar though U.S.-China tensions, virus weigh

    Oil prices edged higher on Monday helped by a weak dollar and expected U.S. stimulus measures but gains were capped by rising global coronavirus cases and tensions between the United States and China.

  • China imports more oil from Saudi than any other country in June

    China's crude oil imports from Saudi Arabia rose 15% in June from a year ago, as refiners ordered record volumes of the fuel in March and April when oil prices tumbled, cementing the kingdom's position as the top oil supplier to China.