At least 21 people are now known to have died after a boat carrying undocumented migrants sank near the Malaysian resort island of Langkawi, near the border with Thailand.
Search and rescue operations have entered their third day. Thirteen people…
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China refiner Yanchang Petroleum shuns Russian oil in latest tender, traders say
SINGAPORE, Nov 11 (Reuters) – Chinese provincial government-backed refiner Yanchang Petroleum is avoiding Russian oil in its latest crude oil tender for deliveries between December and mid-February，two traders with knowledge of the matter said on Tuesday.
Yanchang, located in the landlocked northern province of Shaanxi, has been a regular buyer of Russian oil, typically taking in one shipment per month, usually Far East export grade ESPO blend or Sokol, one of the traders said.
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Yanchang did not immediately respond to a request for comment.
A raft of recent western sanctions on Russian oil shipments, including U.S. measures last month against Moscow’s top two exporters, has led China’s state oil companies and some Indian refiners to avoid buying Russian oil due to concerns about falling foul of secondary sanctions.China and India are Russia’s top oil export markets.
Yanchang, which can process 348,000 barrels of crude per day, is one of the largest refiners in inland China and is entitled to an annual import quota of 3.6 million metric tons or 26 million barrels.
The refiner typically receives imported crude from Tianjin port, near Beijing, where the oil is shipped to it by rail.
Reporting by Chen Aizhu and Florence Tan; Additional reporting by Siyi Liu; Editing by Himani Sarkar and Tony Munroe
Our Standards: The Thomson Reuters Trust Principles.
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US ‘pretty close’ to fair trade deal with India, says Trump
The United States government is “pretty close” to reaching a fair trade deal with India, President Donald Trump has said, adding that he will lower the tariffs imposed on New Delhi “at some point”, reported 24NewsHD TV channel on…
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ESO’s GRAVITY+ Unveils Hidden Binary Star in the Tarantula Nebula – DIY Photography
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Micro-RNA in sperm proves vital for human embryogenesis
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Kate Gosselin hard-launches boyfriend in Instagram post and TikTok
Reality TV alum Kate Gosselin is letting fans into her love life.
In a Nov. 8 Instagram Reel and TikTok video, the “Jon & Kate Plus 8” star opened up about her 10 current “obsessions,” which started with her eight children. Number two on the list,…
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UN says Israeli impediments continue to block Gaza aid access
The UN said Monday that Israeli restrictions continue to block the flow of humanitarian aid into the Gaza Strip, a month after the ceasefire took effect.
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Who can qualify for 2026 World Cup in next round of European qualifiers – France 24
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Zohran Mamdani’s writer on crafting a historic victory speech: ‘In New York, inspiration is everywhere’ | Zohran Mamdani
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The speech included, among other dramatic flourishes, a reference to the socialist titan Eugene Debs, shoutouts to the city’s…
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Ireland’s construction slump eases as contraction enters sixth month
(Alliance News) – Ireland’s construction activity continued to fall in October, though commercial construction returned to growth in contrast to the other sub sectors, S&P Global reported Tuesday.
The AIB Ireland construction purchasing managers’ index rose to 48.1 in October from 43.7 in September.
A reading above the 50.0 neutral mark indicates an overall increase in business activity from the previous month, while a reading below signals a contraction.
Although the latest figure indicates that the downturn in Ireland’s construction sector has eased with the softest decline in activity recorded since June, contraction nonetheless has extended into the sixth successive month.
“The sectoral breakdown showed a divergence in performance among the three sub sectors. Commercial construction activity ended its two-month period of contraction, returning to growth, albeit marginally last month. Civil engineering continued to post declining activity levels, but at a less severe rate compared to September. In contrast, residential activity saw an acceleration in the pace of contraction,” said John Fahey, AIB senior economist.
Furthermore, staffing levels in the sector fell for the second month running, as input costs rose sharply with firms citing higher fuel and raw material costs.
“There were signs of stabilisation in new orders in October. The latest decline was only marginal and the weakest in the current three-month sequence of contraction as some firms reported being busier,” S&P Global explained.
Looking ahead, optimism regarding the possibility of increasing activity levels over the next twelve months improved to the highest level since June, with 29% of those questioned anticipating an increase in output.
S&P Global compiles the PMI each month using survey responses from a panel of around 150 construction companies.
By Elijah Dale, Alliance News senior reporter Asia-Pacific
Comments and questions to newsroom@alliancenews.com
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