Presidents Xi Jinping and Vladimir Putin had the warmest of words when launching their nations’ first cross-border gas pipeline. The 8,000km project is jointly beneficial, providing energy security for China and helping ensure cleaner air in coal-dependent northeastern regions, while yielding much-needed revenue and jobs for Russia.
China's crude oil imports from Saudi Arabia rose 76.3% in October, boosted by demand from new refiners, with the kingdom retaining its position as the top supplier to the world’s biggest oil importer.
The world's most profitable company, Saudi Aramco, is going public and the ramifications are going to be seen in some unusual places such as China, which sees the oil trade as a way to challenge America's supremacy in global commerce.
Chinese state-owned entities are in talks about investing a combined $5 billion to $10 billion in Aramco's initial public offering, as Saudi Arabia seeks commitments from friendly governments to shore up the record share sale, people with knowledge of the matter said.
South Africa's electricity system remains severely constrained, which might lead to more load shedding at short notice, electricity utility Eskom warned on Tuesday.