Trump Discussed Sanctioned Chinese Oil Refiners With Xi, Considering Lifting Bans

U.S. President Trump visits China
Chinese President Xi Jinping and U.S. President Donald Trump attend a meeting on the sidelines of their visit to the Zhongnanhai Garden in Beijing, China, May 15, 2026. REUTERS/Evan Vucci

(Reuters) – President Donald ​Trump said on Friday he ‌discussed Chinese oil companies that have been sanctioned for buying ​Iranian oil and will ​make a decision about whether ⁠to lift bans in the ​next few days.

The U.S. recently ​imposed sanctions on several Chinese oil refiners for buying Iranian oil, ​including Hengli Petrochemical, one ​of the country’s largest private refiners and ‌a symbol ⁠of Beijing’s drive to modernize and upgrade the industry.

“We talked about that and I’m ​going ​to make ⁠a decision over the next few days,” ​he told reporters aboard ​Air ⁠Force One shortly after leaving Beijing following his two-day ⁠summit ​with President Xi ​Jinping.


Get the Latest US Focused Energy News Delivered to You! It’s FREE:


Reporting by Trevor Hunnicutt aboard Air Force ​One; Editing by Toby Chopra

Share This:


More News Articles

 

  • Related Posts

    US Oil Production Rises to Record High in April, EIA Says

    (Reuters) – U.S. crude oil production rose to 13.93 million barrels per day in April, the highest on record, monthly data from the Energy Information Administration showed on Tuesday, as…

    US Natgas Advances 3% on Rising LNG Flows, Record Heat

    (Reuters) – U.S. natural gas futures climbed about 3% on Tuesday on rising flows to liquefied natural gas (LNG) export plants and forecasts for record power demand in some parts…

    Have You Seen?

    EnviTec Biogas awarded 16MW in German federal auction

    • July 1, 2026
    EnviTec Biogas awarded 16MW in German federal auction

    Podcast | Specialty gases, rare gases, sustainability and new opportunities

    • July 1, 2026
    Podcast | Specialty gases, rare gases, sustainability and new opportunities

    US Crude Output Sets New Monthly Production Record

    • July 1, 2026
    US Crude Output Sets New Monthly Production Record

    The Oil Benchmark Named Brent Is Losing Its Brent

    • July 1, 2026
    The Oil Benchmark Named Brent Is Losing Its Brent

    US Crude Oil Inventories Keep Falling As Hormuz Flows Slow To Start

    • July 1, 2026
    US Crude Oil Inventories Keep Falling As Hormuz Flows Slow To Start

    Mantle8 wins Spanish natural hydrogen exploration permits

    • July 1, 2026
    Mantle8 wins Spanish natural hydrogen exploration permits

    Tunisia Approves 500 MW of Utility-Scale Solar Projects Backed by US$400 Million Investment

    • July 1, 2026
    Tunisia Approves 500 MW of Utility-Scale Solar Projects Backed by US$400 Million Investment

    Transformers and Rectifiers (India) Secures Over ₹1,000 Crore Power Grid Transformer Order

    • July 1, 2026
    Transformers and Rectifiers (India) Secures Over ₹1,000 Crore Power Grid Transformer Order

    Air Liquide to build gas plants for SK Hynix’s US chip facility

    • July 1, 2026
    Air Liquide to build gas plants for SK Hynix’s US chip facility

    gasworld global – July 2026 – Cryogenics

    • July 1, 2026
    gasworld global – July 2026 – Cryogenics