Top Asian oil buyers in turmoil after sweeping US sanctions on Russia’s oil industry
REFINERS, tanker operators, traders and port executives across Asia were scrambling on Monday (Jan 13) to manage the fallout from ...
Tag: Oil
Oil rises as Russia sanctions bolster crude’s hot start to 2025
Oil settled at a three-month high as the US ratcheted up sanctions against Russia, adding to a run of bullish ...
Oil settles up 1% as cold weather in US, Europe drives winter fuel demand
OIL prices rose more than 1 per cent on Thursday (Jan 9) as cold weather gripped parts of the United ...
China’s Shandong Port, entry point for most sanctioned oil, bans US-designated vessels
SHANDONG Port Group has banned US-sanctioned tankers from calling into its ports in the eastern Chinese province, home to many ...
Oil prices ease as weak economic data offsets higher US winter storm heating demand
OIL prices eased in volatile trade on Monday (Jan 6) as some bearish economic news from the United States and ...
China oil refineries face reckoning as Beijing tackles overcapacity
CHINA’S independent oil refineries face a reckoning this year as Beijing tackles overcapacity in the industry, and the crude they ...
Oil extends rally as bullish momentum overpowers China woes
Oil extended a rally that has brought it to the highest in more than two months as shrinking US crude ...
Oil heads for weekly gains on colder weather, Chinese policy support
OIL prices rose on Friday (Jan 3), closing the week higher on the back of cold weather in Europe and ...
Oil prices post 3% annual decline, slipping for second year in a row
OIL prices fell around 3 per cent in 2024, slipping for a second straight year, as the post-pandemic demand recovery ...
Oil inches lower in thin trade, investors eye China, US data
OIL prices slipped lower on Monday (Dec 30) in thin holiday trade ahead of the year-end as traders awaited more ...
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