Chinese plastics plants that buy liquefied petroleum gas are turning to the Middle East to replace tariff-hit imports from the US, disrupting global flows and reviving moribund freight rates. The LPG buyers, seeking to swap US cargoes bought earlier with alternatives, have found that Persian Gulf producers including Saudi Aramco are able to help with those requests,...
America’s only rare earths mine heard from anxious companies soon after China responded to President Donald Trump’s tariffs this month by limiting exports of those minerals used for military applications and in many high-tech devices. “Based on the number of phone calls we’re receiving, the effects have been immediate,” said Matt Sloustcher, a spokesperson for MP Materials, the company that...
As the Trump administration angles for peace between Ukraine and Russia, the real driving force that will bring calm to the region — while benefiting the United States — is a critical mineral deal with America.
To understand why, we must first recognize why critical minerals are so essential.
Pakistan will offer to buy more cotton and soybean from the US, according to people with knowledge of the matter, as it looks to halve its bilateral trade surplus and escape tariffs imposed by President Donald Trump. The South Asian country wants to reduce this surplus to below $2 billion from about $4 billion in...
Pakistan is considering importing crude oil from the United States for the first time to offset a trade imbalance that triggered higher U.S. tariffs, according to a government source directly involved with the proposal and a refinery executive. Countries are scrambling to find ways to lower their U.S. tariff burdens, including buying more U.S. oil...
As China continues its rapid industrial growth, the development of nuclear power becomes increasingly critical in meeting its burgeoning energy demands. Recently, the Zhangzhou nuclear power plant in Fujian Province marked a significant milestone by completing its hot functional test for the second unit. This achievement paves the way for fuel loading and eventual integration...
U.S. soybean exports now face a 60% tariff into China, and that figure could likely climb to more than 100% if the tit for tat on tariffs continues between the two countries. Even as the trade war heats up, and soybeans could be on the front lines once again, the reality is U.S. farmers aren’t...
The UK government has shortlisted 27 hydrogen-powered projects in its second Hydrogen Allocation Round (HAR2). The selected projects will boost low-carbon hydrogen production within the UK. The initiative is part of the government’s Plan for Change and aims to cut carbon emissions while creating thousands of jobs. The UK’s hydrogen sector has the potential to...
U.S. Energy Secretary Chris Wright on Wednesday will launch a nearly two-week tour of three Middle East countries, including Saudi Arabia, marking his first visit as a U.S. official to the de facto leader of the OPEC oil producer group, a source familiar with the matter told Reuters. The trip, which will also include visits...
Chinese liquefied petroleum gas buyers have prompted a price surge as they scramble to replace US supplies of the widely used fuel following Beijing’s tough response last week to Washington’s punitive tariffs. Buyers are trying to swap US cargoes that have already been purchased with alternatives, including LPG from the Middle East, traders said. But...
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