China Ranks 2nd in U.S. Oil Exports Amid Trade Dynamics 🌏⛽
China surged to become the 2nd-largest buyer of U.S. crude oil in 2023, but the U.S. ranks 10th among China’s suppliers. Trade dynamics unfold at Shanghai’s CIIE Expo.
EnergyMarkets
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OPEC+ Extends Oil Output Cuts Amid Price Slump
Eight OPEC+ countries extend oil production cuts through December 2024 to stabilize prices, impacting global markets and energy costs.
Russia Extends Gasoline Export Ban Through 2024 ⛽🌍
Russia extends its gasoline export ban to 2024, citing seasonal demand and refinery maintenance. Global markets watch closely. ⛽🌍
Red Sea Crisis Shakes Global Economy: Shipping Chaos Ahead 🌊🚢
Red Sea shipping disruptions drive up global trade costs, spike delays, and threaten energy and goods prices worldwide. 🌍🚢
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