Opel axes 2,100 jobs in Germany amid ‘ever-stricter’ emissions restrictions

Opel axes 2,100 jobs in Germany amid ‘ever-stricter’ emissions restrictions

Peugeot subsidiary Opel is feeling the pinch as EU emissions standards and falling demand bite into profits.. Chinese oil imports surge as KSA reclaims export mantle /node/1613301/business-economy. Kingdom replaces Russia as biggest crude supplier, helping Beijing set record for 17th straight year. SINGAPORE: China's crude oil imports in 2019 surged 9.5 percent from a year earlier, setting a record for a 17th straight year, as demand growth from new refineries built last year propelled purchases by the world's biggest importer, data showed on Tuesday.. Last year, China imported a record 506 million tons of crude oil, according to data from the General Administration of Customs.. The hefty December purchases included LNG imports that rose to a record last month with China overtaking Japan the world's top importer of the fuel for the second month in a row.. Tuesday's data also showed China's refined fuel exports in 2019 rose 14.1 percent from a year earlier to a record 66.85 million tons as refinery throughput outpaced domestic fuel demand growth.. China raised the volumes of its first batch of 2020 fuel export quotas by 53 percent from a year earlier to 27.99 million tons..