China Buys into Niger Junta to Secure Oil Supply
Breitbart -

China’s state-owned oil company CNPC, the China National Petroleum Corporation, has signed a $400 million deal with the military junta that controls Niger, providing a much-needed infusion of cash after the coup damaged relations with Niger’s previous big oil customers, the United States and France.

In related news

  • Sweden expels journalist from China for being a threat to national security

    Sweden expelled a Chinese journalist on Monday due to concerns over national security, as reported by Swedish media. The name of the Chinese journalist remains undisclosed. However, it is known that s

  • China Gold-Buying Frenzy Sparks Chaos In ETFs

    China Gold-Buying Frenzy Sparks Chaos In ETFs For the second time in a week, trading in an ETF that owns gold companies was halted in China overnight. The ETF’s price had gained over 40% in the past four sessions before falling 10% after trading resumed Monday. “The lack of alternatives, and the fact that it’s become a lot more difficult than it was a few years ago to get your money out of China and invest elsewhere - I think that’s definitely helping gold,” said Nikos Kavalis,...

  • China's Crude Oil Imports Hit A Record High In 2023

    China's Crude Oil Imports Hit A Record High In 2023 By Tom Kool of OilPrice.com China’s crude oil imports hit a record high in 2023, rising by 10% year-over-year and breaking the previous record from 2020 when the world’s top crude oil importer took advantage of the price crash to gorge on cheap crude. Last year, China’s crude oil imports averaged 11.3 million barrels per day (bpd), up by 10% compared to 2022, according to Chinese customs data compiled by Bloomberg and the U.S....