Tag: China

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China buys Russian oil at multi-month low discounts, brushes off price cap

China is paying the deepest discounts in months for Russian ESPO crude oil amid weak demand and poor refining margins even though the effective...

Markets mixed as recession fears dampen China optimism

Asian and European markets were mixed Thursday as sentiment was pulled in opposite directions by worries about a US recession and China's shift away...

Oil edges up on China demand hopes; Russian uncertainty weighs

Oil futures edged slightly higher on Wednesday on hopes for improved Chinese demand while uncertainty about how a Western cap on Russian oil prices...

Oil prices climb after Russian crude sanctions kick in

Oil rebounded on Tuesday after plunging by more than 3% in the previous session, as the implementation of sanctions on Russian seaborne crude oil...

Oil prices rise after OPEC+ keeps output cut targets, China eases COVID curbs

Oil prices edged up on Monday after OPEC+ nations held their output targets steady ahead of a European Union ban and a price cap...

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World Bank’s Banga says more bilateral debt forgiveness needed

World Bank President Ajay Banga said on Thursday (17...

Ghana, creditor panel agree on debt restructuring, paving way for IMF cash

Ghana has finalised a pact with its official creditor...

Nigeria strikes deal with Shell to supply $3.8 billion methanol project

Nigeria has struck a deal for Shell (SHEL.L), opens new...

Africa’s $824 billion debt burden and opaque resource-backed loans hinder its potential, AfDB president warns

Africa's immense economic potential is being undermined by non-transparent...

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