Indian exporters, importers and banks are using a trade ploy they "relied upon during the US embargo on Iran to sidestep sanctions on Russia" by turning to the UAE, the report said

Dennis Uy, chairman of conglomerate Udenna Corporation and listed Chelsea Logistics, plans to divest from a South China Sea gas field and a commercial land leasing company

Sovcomflot's oil tankers lacking destination details numbered 24 out a total of 76 vessels, with some switching destinations to friendly ports of call after loitering at sea for nearly a month

The Ukraine crisis has highlighted Japan's partial dependence on Russian energy even as Tokyo has acted swiftly and in tandem with the G7 in instituting sanctions.

Spark commodities said that forward curves continue to point to US cargos being sent to Europe rather than Asia for the next 12 months

Executives at listed energy giant said the anti-pandemic measures have led to higher product inventory compared with the start of the year

CNOOC is the country's largest importer of the fuel and among state-owned companies leading a drive to expand capacity to meet rising import needs

The secretive deals put the spotlight on how importers keep off established routes to buy Russian oil at cheap rates

Beijing's acquiescence - or possible fear of secondary sanctions - is a welcome development in the tense Washington-Beijing relationship, an official said

Beginning in August 2021, several Covid-19 outbreaks in China led to mobility restrictions, which in turn reduced domestic demand for petroleum products

The setback came as Sinopec reported an overall 25% rise in net income for the three-month period, a level last seen in the third quarter of 2020

Keppel Offshore & Marine, one of the world's largest offshore oil rig builders, and Sembcorp Marine have suffered from a prolonged and severe sector downturn