EghtesadOnline: China's Foreign Minister Wang Yi called on the United States to "act with caution" regarding its Iran policies to avoid escalating tensions that could lead to an unintended serious conflict between the two countries.
EghtesadOnline: China is concerned about heightened tensions related to Iran's nuclear activities, as a result of the United States' sweeping sanctions on Tehran.
EghtesadOnline: International Monetary Fund Managing Director Christine Lagarde said on Monday she expects the United States and China to reach a deal to end their trade dispute, which has unnerved financial markets and cast a shadow over the global economy.
EghtesadOnline: The recent announcement by the United States that all Iran oil sanctions waivers will terminate by May has drawn the strong objection of Turkey and China, two of the biggest importers of Iranian oil.
EghtesadOnline: The US administration said on Monday that it will not renew waivers that let countries buy Iranian oil without facing sanctions, a move that roiled energy markets and risks upsetting major importers such as China and India.
EghtesadOnline: Renewable energy demand and capacity are growing explosively.
EghtesadOnline: The United States is likely to renew waivers to sanctions for most countries buying Iranian crude, including the biggest buyers China and India, in exchange for pledges to cut combined imports to below 1 million barrels per day.
EghtesadOnline: South Korea overtook China as the No. 2 destination for US crude behind Canada in 2018, as shipments to South Korea soared to a record high of 558,000 barrels per day in December while shipments to China have started to return from zero, according to Energy Information Administration data released Friday.
EghtesadOnline: Although China will continue to raise its liquefied natural gas (LNG) imports this year, the 2019 rise in the world’s key LNG demand growth market may not be enough to absorb all the new supply coming on stream over the next months.
EghtesadOnline: China has been Iran's biggest trading partner and its export destination–although that position went briefly to Iraq in the second half of 2018– and Tehran continues to seek stronger ties with its "traditional ally."