China ramped up its stockpiling of crude last year, with imports beating the previous annual record, reached in 2020, as fuel demand bounced back after Covid-19 restrictions were lifted, Chinese customs data released on Friday showed. The country’s oil imports surged by 11% year-on-year to 11.28 million barrels per day …
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Poland has imposed a “temporary ban” on agricultural and food products from Ukraine, citing the need to protect local markets from the “destabilization” caused by an ongoing inflow of cheap goods. Poland’s agriculture and development ministers have been tasked with issuing “relevant legal acts to protect the Polish agricultural market …
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Tehran has officially approved the use of cryptocurrency for imports instead of the US dollar and the euro, Minister of Industry, Mines and Trade Reza Fatemi Amin said on Monday. “All the issues related to crypto-assets, including how to provide fuel and energy, and how to assign and grant licenses …
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Chinese imports of Russian energy have jumped 75% since the start of the conflict in Ukraine and the ensuing sanctions war between Moscow and the West, Bloomberg reported on Monday, citing China’s latest customs figures. According to the data, covering the period from March to July, Beijing’s purchases of Russian …
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German industrial companies are finding it “impossible” or “not economically viable” and “only partially possible” to replace imports from Russia, Belarus and Ukraine, which came to a halt due to the conflict in Ukraine and the introduction of harsh economic sanctions on Moscow and Minsk, a poll by the Ifo …
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The European Union plans to significantly increase the purchase of Russian natural gas through countries that are ready to pay for the commodity in rubles, TASS news agency reported on Wednesday citing a government source in Brussels. “An emergency meeting of the Gas Coordinating Group took place today in view …
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Austria’s energy giant OMV says it has suspended all imports of Russian oil ahead of the possible EU embargo on them. “The purchase of oil from Russia was always very low … we replaced it with other oil from the market,” an OMV spokesman said, as quoted by newspaper Kronen …
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China’s National Bureau of Statistics said the country’s coking coal imports from Russia soared to 1.4 million tons in March, compared to 590,000 tons for the same month last year and 1.1 million tons in February. Overall, the nation more than doubled purchases of Russian steel-making coal, procuring the fuel …
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The UK may build up to seven nuclear power stations within the next three decades in order to secure domestic energy supply and cut dependence on energy imports, Kwasi Kwarteng, UK Secretary of the State for Business, Energy and Industrial Strategy, said on Sunday. “There is a world where we …
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