China has overtaken the U.S. as Canada’s top oil buyer, with up to 70% of crude shipments from British Columbia now heading to Chinese ports

China's crude oil stockpile flows dropped sharply in September as lower imports and higher refinery processing cut the surplus that was available for storage.

Markets took a late-day gut punch on Oct. 14 after President Donald Trump took to Truth Social and threatened to terminate business with China “having to do with cooking oil” among other “elements of trade” in response to China slashing imports of U.S. soybeans in recent months. (1)

Soybeans were the number one U.S. agricultural export, worth about $24.5 billion and more than half of it was bought by China.

President Trump has intensified U.S. pressure on China for its ongoing energy and financial support of Iran and Russia.

President Trump threatened to end cooking oil business with China after months of no soybean purchases and strained trade.

Some terminal operators at China’s Qingdao Port, which handles around one-sixth of the country’s crude intake, will impose new restrictions on old tankers — a move widely seen as targeting vessels that carry sanctioned oil from Iran and other sensitive suppliers.

China has a new AI strategy that diverges from Western measures of success and suppositions. What is this strategy, and how does it compare with the West's?

By Nidhi Verma NEW DELHI (Reuters) -Western powers have ramped up pressure on Russia's oil sales amid its war with Ukraine as U.S. President Donald Trump said India would stop buying and Britain imposed sanctions on top Russian oil firms.