Latest news with #liquefiedPetroleumGas
Bloomberg
3 days ago
- Business
- Bloomberg
Adani Faces DOJ Probe Over Iranian LPG Shipments, WSJ Says
Follow Bloomberg India on WhatsApp for exclusive content and analysis on what billionaires, businesses and markets are doing. Sign up here. US prosecutors are probing billionaire Gautam Adani's conglomerate for importing liquefied petroleum gas from Iran through the Mundra port in India, violating sanctions, according to a report by the Wall Street Journal.
Bloomberg
27-05-2025
- Business
- Bloomberg
Chinese Plastics Buyers Resist Switch Back to US Propane Despite Pause in Trade War
Chinese plastics factories left without US raw material when trade relations collapsed earlier this year are holding back from returning to many of those suppliers despite a pause in hostilities, underscoring the difficulty in restoring commercial ties between the world's two largest economies. Beijing's retaliation to President Donald Trump's so-called reciprocal tariffs effectively made American energy sales to China unviable, including the propane used to make plastics. Last year, before the new administration took the helm, almost 60% of Chinese imports of the liquefied petroleum gas came from the US.
