Oil

Chinese buyers shunned offers for Venezuelan crude this week, as a US blockade on the South American producer constrains exports and pushes up

A hoard of Venezuelan crude on tankers at sea will provide a cushion for Chinese refiners — the biggest buyers — should the US

Four out of India’s seven largest refiners are now in the market for Russian crude as deep discounts push buyers to seek out non-sanctioned barrels, even as

The Russian government’s oil proceeds shrank by almost a third in November from a year ago as weaker crude prices and a stronger currency took their toll on

The European Union is closing in on a deal to phase out Russian fossil fuels, a move that will embed into law the end of the bloc’s reliance on its former

The Kremlin said on Monday that a Ukrainian weekend attack on Caspian Pipeline Consortium (CPC) infrastructure was outrageous given its international

India’s state-run refiners Indian Oil Corp. and Bharat Petroleum Corp. have bought Russian crude for January delivery, lured by discounts and plentiful

Russia sees scope to boost oil exports to China and to deepen cooperation on supplies of liquefied natural gas, Russian Deputy Prime Minister Alexander Novak

The amount of Iranian crude held on tankers at sea has swelled to the highest in two-and-a-half years, reflecting slower demand from top buyer China even as

The Russian oil tanker Seahorse arrived in Venezuelan waters on November 23 AIS data show suggesting that initial reports last week of a U.S. Navy blockade

Global oil and gas demand could grow until 2050, the International Energy Agency said on Wednesday, departing from previous expectations of a speedy transition

 India’s state-run refiners are considering whether they can continue to take some discounted Russian oil cargoes by leaning on small suppliers instead of

Oil prices surged around 5% to a two-week high on Thursday after the U.S. imposed sanctions on major Russian suppliers Rosneft and Lukoil over Russia's war in

The U.S. Department of Energy said on Tuesday it is looking to buy 1 million barrels of crude oil for delivery to the Strategic Petroleum Reserve, as it seeks

Bearish signs are cropping up across the oil market after US President Donald Trump’s latest tariff threats fanned fears of an imminent

By Alex Longley Oct 3, 2025 (Bloomberg) –The amount of oil on tankers plowing the world’s oceans climbed to the highest in more than two years,

By Olesya Astakhova and Ahmad Ghaddar MOSCOW/LONDON, Sept 28 (Reuters) – OPEC+ will likely approve another oil production increase of

President Donald Trump said on Thursday he believes Turkey will agree to his request to stop purchasing Russian oil and that he may lift U.S. sanctions on

Sept 21 (Reuters) – Iraq has increased oil exports following the gradual unwinding of voluntary production cuts under an OPEC+ agreement, the

Russia’s crude shipments rebounded, with China picking up the slack after US President Donald Trump’s punitive tariffs on India choked exports to the