China’s Jan-Feb crude oil imports from top supplier Russia drop SINGAPORE: Russia remains the top oil supplier to China during the first two months of 2025, but volumes - including... Updated 23 Mar, 2025 07:27am
Markets Oil prices set to end week stable as investors mull path to Ukraine ceasefire NEW YORK: Oil prices rebounded on Friday after a more than 1% loss in the previous session as investors weighed the... Updated 14 Mar, 2025 11:44pm
Markets China’s crude oil imports from top supplier Russia reach new high in 2024 SINGAPORE: China’s crude oil imports from top supplier Russia were up 1% in 2024 to a record high versus 2023, while... Published 20 Jan, 2025 12:35pm
Markets OPEC’s share in India’s annual oil imports rises after 8-year drop NEW DELHI: OPEC’s share in India’s crude oil imports edged up in 2024, rising for the first time in nine years,... Published 17 Jan, 2025 02:04pm
World US issues fresh round of sanctions against Russia ahead of Trump return to White House WASHINGTON: The United States on Wednesday imposed hundreds of sanctions targeting Russia, seeking to increase... Published 16 Jan, 2025 11:50am
Markets South Korea looking at buying more US oil and gas, energy minister says SEOUL: South Korea is interested in importing more US oil and gas to diversify energy sources and ensure stable... Published 16 Jan, 2025 10:41am
Markets China’s crude oil imports fall in 2024, first time in two decades outside of COVID China’s crude oil imports fell 1.9% in 2024, data showed on Monday, the first annual decline in two decades outside... Published 13 Jan, 2025 11:20am
Markets Oil jumps on expected hit to China and India’s Russian supplies LONDON: Oil extended gains for a third session on Monday, with Brent crude rising above $80 a barrel to its highest... Updated 13 Jan, 2025 05:31pm
Markets Tougher US sanctions to curb Russian oil supply to China and India NEW DELHI/SINGAPORE: Chinese and Indian refiners will source more oil from the Middle East, Africa and the Americas,... Published 12 Jan, 2025 08:41pm
Markets Global crude exports dip as trade routes reshuffle again HOUSTON: The volume of global crude exports in 2024 declined 2%, the first fall since the COVID-19 pandemic,... Published 07 Jan, 2025 01:28pm
Markets Oil prices rise as concerns grow over supply disruptions Oil prices climbed on Tuesday reversing earlier declines, as fears of tighter Russian and Iranian supply due to... Updated 07 Jan, 2025 06:02pm
Markets Oil prices rise in thin pre-holiday trade NEW YORK/LONDON: Oil prices were up on Tuesday, reversing the prior session’s losses on a brightening short-term... Updated 24 Dec, 2024 09:48pm
Business & Finance Saudi Arabia was top buyer of Russian fuel oil and VGO in November MOSCOW: Saudi Arabia was the top destination for Russian sea-borne fuel oil and vacuum gasoil (VGO) exports in... Published 24 Dec, 2024 06:33am
Markets Middle East share of India’s Nov oil imports at 9-mth high; Russia down NEW DELHI: India’s November crude imports showed Middle Eastern oil at a 9-month high while Russia accounted for its... Published 23 Dec, 2024 02:13pm
Markets Oil prices edge down on soft Chinese spending data Oil futures dropped from their highest levels in weeks on Monday, pressured by weakness in consumer spending in... Updated 16 Dec, 2024 08:16pm
World Ukraine says it struck Russian oil terminal KYIV: Ukraine said on Saturday it had attacked an oil terminal in Russia’s western Oryol region overnight, sparking... Published 14 Dec, 2024 05:24pm
Markets Russia’s November seaborne diesel exports rise as production increases, LSEG data shows MOSCOW: Russia’s seaborne diesel and gasoil exports rose in November on increased fuel production following a... Published 05 Dec, 2024 01:57pm
Business & Finance Talks under way to import Russian oil: minister ISLAMABAD: Pakistan and Russia are actively negotiating the structure of a deal for the import of Russian oil by... Published 05 Dec, 2024 06:47am
World India says oil prices would have rocketed without its Russian imports NEW DELHI: Global oil prices “would have hit the roof” if big importer India had not bought oil from Russia... Published 09 Nov, 2024 10:46am
Markets Oil prices rise after US interest rate cut Oil prices rose more than 1% on Thursday after a large interest rate cut from the U.S. Federal Reserve, helping... Updated 19 Sep, 2024 07:25pm
Markets Indian plans to keep buying cheap Russian oil, oil minister says India is prepared to keep buying oil from Russian companies that are allowed to make such sales, since prices are... Published 18 Sep, 2024 12:21pm
Print Russia reintroduces ban on petrol exports till year end MOSCOW: The Russian government announced Wednesday that it was reintroducing a ban on petrol exports for another six... Updated 15 Aug, 2024 08:38am
Print Cheap Russian oil: Musadik claims private sector made hefty profits ISLAMABAD: Minister for Petroleum, Dr. Musadik Masood Malik has reportedly accused private sector of earning huge... Updated 02 Aug, 2024 09:54am
World Beijing urges Britain to stop sanctioning Chinese firms over Russian links HONG KONG: China’s commerce ministry said on Wednesday that it had urged Britain to stop sanctioning Chinese firms... Published 20 Jun, 2024 06:01am
World Russia boosts oil revenues LONDON/NEW DELHI: Russian oil exporters are charging more for their oil in major market India than at any time since... Published 15 Jun, 2024 06:57am
Markets Czech premier sees end of Russian oil dependence by mid-2025 PRAGUE: The Czech Republic will end its dependence on Russian oil by mid-2025 thanks to an expansion of the... Published 05 Jun, 2024 07:47am
Markets Oil stabilises ahead of US inflation data and OPEC+ meeting LONDON: Oil prices held steady on Friday as investors awaited U.S. inflation data for clues on the demand outlook... Updated 31 May, 2024 05:19pm
Markets Oil prices gain on expectations of OPEC+ extension to output cuts LONDON: Oil prices grazed a four-week peak on Wednesday on expectations that major producers will extend output cuts... Updated 29 May, 2024 05:20pm
Business & Finance India’s Reliance to buy Russian oil in roubles NEW DELHI: India’s Reliance Industries, operator of the world’s biggest refining complex, has signed a one-year deal... Updated 29 May, 2024 08:37am
Markets India’s Reliance to buy Russian oil in roubles NEW DELHI: India’s Reliance Industries, operator of the world’s biggest refining complex, has signed a one-year deal... Published 28 May, 2024 04:42pm