PetroChina is in the news as China cuts Russian oil imports amid global sanctions and economic pressures. It’s China’s biggest oil firm, state-owned.
Indian and Chinese refiners are suspending or reducing Russian crude purchases amid US sanctions and fears of secondary sanctions. This shift impacts Russian exports, with buyers seeking alternative sources. The US deadline to wind down dealings with sanctioned Russian companies is November 21, 2025.
New data shows a 41.9% decline in new-home sales among China's top 100 property firms, marking a sharp downturn after brief stabilization. Vanke faces mounting losses amid ongoing sector struggles, with significant debt maturities and falling prices threatening further declines.