Economics
Opinion: Win or lose, Trump’s fossil fuel gamble crowns China the clean-energy king
Beijing’s latest five‑year plan underscores its drive for self‑reliance in energy, critical minerals, and advanced technologies such as semiconductors and artificial intelligence.
China's heavy reliance on Iranian oil imports
Beijing, which is also the biggest buyer of oil from Venezuela and a top importer of oil from Russia, has used purchases from the three countries facing various Western sanctions to save billions of dollars on its import bill in recent years.
U.S. refiner Marathon Petroleum says it will be bidding for Venezuelan crude oil
Caracas and Washington reached a deal this week to export up to $2 B worth of Venezuelan crude, some 30 MMbbl–50 MMbbl, to the United States.
Chinese refiners expected to replace Venezuelan oil with Iranian crude
Caracas and Washington agreed to export up to $2 B worth of Venezuelan crude to the United States, President Donald Trump said on Tuesday, after U.S. forces captured Venezuelan President Nicolas Maduro over the weekend.
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