Oil

Iran’s crude exports to China have fallen sharply since the start of the Ukraine war as Beijing favored heavily discounted Russian barrels, leaving almost 40...

Russian crude output in April fell by nearly 9% from the previous month, an internal OPEC+ report showed on Tuesday, as Western sanctions on Moscow...

The OPEC nations that have stepped up to replace Russian oil flows to Europe aren’t the giants of the Middle East. Instead, some of the...

OPEC+ agreed on Thursday to another modest monthly oil output increase, arguing that the producer group could not be blamed for disruptions to Russian supply...

The European Union is seeking to go beyond an import ban on Russian crude, targeting insurers in a move that could dramatically impair Moscow’s ability...

Russian oil giant Rosneft is not scheduled to export any diesel from the Baltic port of Primorsk in May as its main buyer, Swiss-based trading...

Brazilian state-run oil company Petrobras increased its jet fuel prices in several cities starting on Sunday, data published on the firm's website showed. (more…)

U.S. crude stocks rose while gasoline and distillate inventories fell last week, the Energy Information Administration said on Wednesday. (more…)

OPEC+ produced 1.45 mln barrels per day (bpd) below its production targets in March, as Russian output began to decline following sanctions imposed by the...

U.S. oil production forecasts are being revised upwards despite labor and supply chain constraints as higher prices spur more drilling and well completion activity, according...

U.S. crude stocks surged by more than 9 million barrels, in part due to releases from the nation’s strategic reserves, while gasoline and distillate inventories...

OPEC has told the European Union that current and future sanctions on Russia could create one of the worst ever oil supply shocks and it...

China’s imports of crude oil rebounded in March, but aren’t likely to grow much more for a while – fuel demand is wilting amid COVID-19...

Germany could end Russian oil imports this year, Chancellor Olaf Scholz said on Friday, signaling the urgency driving Europe’s biggest economy to wean itself off...