Russia became the main oil supplier to China in 2023, overshadowing Saudi Arabia's performance in this matter.
Likewise, last year, Chinese imports of fuel oil to Russia reached a record of 9.6 million tons. For its part, “Malaysia was the next largest exporter, supplying 6.93 million tons.”…
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imports
Commercial exchange between Venezuela and the US grew
Trade between Venezuela and the United States experienced a notable increase of 113 % during the first half of this year compared to the same period in 2022. This rise is largely due to the resumption of Chevron operations in the South…
Argentina will allow payment of imports in yuan
The Minister of Economy of Argentina, Sergio Massa, reported the activation of the swap with China, through which the payment of imports from the Asian giant in yuan will be allowed to face the challenge of maintaining the level of…
The US retook the first position as a gas supplier to Spain
Last November, the United States resumed first place as the main source of natural gas supply to Spain, with 20.6 % of the total, after having been surpassed in September and October by Algeria, according to data from the Enagás bulletin.…
China will take action in the face of the US veto
The Chinese authorities affirmed that the Government "will take measures" to protect its business sector and its "legitimate interests" after Washington announced last week a ban on imports and sales of telecommunications equipment from the…
Iran approves the use of cryptocurrencies in imports
Iran recently approved the use of cryptocurrencies within imports, specifically for the management of commercial transactions.
The regulations include the authorization for the use of digital assets throughout the customs management…
Biden banned the import of Russian products
The president of the United States, Joe Biden, prohibited the import of a series of Russian products, such as cereals, vodka or caviar, and restricted trade relations with Moscow as part of a new package of sanctions in response to the…
Oil price could hit $300
Given the ban by the United States on the import of oil and gas from Russia, the latter warned that the price of crude oil could reach 300 dollars per barrel.
This was indicated by the Russian Deputy Prime Minister, Alexander Nóvak, who…
Industrial sector closes 2021 with slight growth
The President of the Venezuelan Confederation of Industrialists (Conindustria), Luigi Pisella considers that the industrial sector obtained a slight growth by the end of 2021, reporting figures that reveal "a slight growth" in production…
Spain registers historical record of exports
Spain registers a historical record of exports. Spanish companies once again make history by finding abroad the necessary source to overcome their crisis, as they did in 2008, breaking a record with exports in the order of 229,963 million…
Law of tariffs does not encourage national production
According to the first vice president of Fedcámaras, Adam Celis, Decree 4,552 driven by the National Government on tariffs does not cover expectations between the productive and economic sectors of the country so it is inefficient to…
Russia is the second largest oil supplier to the US
The United States' imports from Russia of crude and refined petroleum products increased 23 % compared to May to reach about 844,000 barrels per day. This is demonstrated by the information published by the Energy Information Administration…