President Putin and Xi to Meet Amid Global Energy Crisis: What It Means for Energy Markets, Russia’s Pivot, and Western Supplies

Russian President Vladimir Putin arrived in Beijing on May 19, 2026, for a two-day state visit with Chinese President Xi Jinping. This marks Putin’s 25th trip to China and coincides with the 25th anniversary of the Sino-Russian Treaty of Friendship. The timing is critical: it unfolds against the backdrop of the ongoing war in Iran, […]

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Secretary Bessent Comments: Iran’s Storage is Full, and Other Comments on China Trip

WASHINGTON/BEIJING – U.S. Treasury Secretary Scott Bessent delivered a stark update on Iran’s oil sector while in Beijing for the Trump-Xi summit, declaring that Iran’s primary export terminal at Kharg Island has reached 100% storage capacity. No oil loadings have occurred in the past three days, ships are neither entering nor leaving, and production shutdowns […]

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