China is the largest oil importer by far from Saudi Arabia and from Iran, highlighting the risk it faces if the war in Israel and Gaza were to broaden.
Category: International Trade and World Market
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Natural Gas Prices Rise on Israel Concerns and Finland Pipeline Leak
Europe has largely disconnected from Russian gas supplies but remains heavily dependent on imported fuel, exposing it to unexpected disruptions.
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Exxon Acquires Pioneer Natural Resources for $60 Billion
The acquisition of Pioneer Natural Resources, Exxon’s largest since its merger with Mobil in 1999, increases the company’s presence in the Permian basin in Texas and New Mexico.
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U.S. Scales Back Hopes for Ambitious Climate Trade Deal With Europe
A negotiating deadline is quickly approaching, and the United States has lowered its expectations for a groundbreaking trade deal.
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Fragile Global Economy Faces New Crisis in Israel-Gaza War
A war in the Middle East could complicate efforts to contain inflation at a time when world output is “limping along.”
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Oil Prices Jump on Fighting in Israel and Gaza
After flirting with $100 a barrel this summer, crude prices had fallen significantly in the past week on the expectation that demand was waning.
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Israel-Gaza Conflict Could Slow Natural Gas Investment in Area
The fighting could hurt ambitions of Israel and the wider region, which have received a lift from Chevron to become a hub for exporting natural gas to Europe and elsewhere.
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How the Big Chip Makers Are Pushing Back on Biden’s China Agenda
Nvidia, Intel and Qualcomm are campaigning to protect their businesses before further crackdowns on the sale of semiconductor technology to Beijing.
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Liu Yiqian, China’s Top Art Collector, Is Selling a Modigliani
Liu Yiqian made global headlines in 2014 and 2015 by paying top prices for paintings and antiquities but is starting to liquidate some of his artworks.