Sunday, February 23, 2025
Oil back in positive territory ahead of U.S.-China trade deal

Oil back in positive territory ahead of U.S.-China trade deal

Reuters LONDON – Global oil benchmark Brent crude rose to more than $64.50, recovering from four days of declines on easing Middle East tensions, as the United States and China prepared to sign a preliminary trade deal. Brent crude LCOc1 gained 43 cents, or 0.7%, to $64.63 a barrel by 1507 GMT. U.S. West Texas Intermediate crude futures CLc1 rose

China invests $600 million into Mexico's Dos Bocas refinery- oil and gas 360

China invests $600 million into Mexico’s Dos Bocas refinery

Houston Chronicle Plans to build a new $8 billion refinery in Mexico got a boost from the Chinese government. During a Monday morning event in Mexico City, China’s ambassador to Mexico Zhu Qingqiao announced that the Bank of China and the Industrial and Commercial Bank of China, or IDBC, would invest $600 million into the Dos Bocas Refinery. Already under construction