China's request for lower volumes followed that of India, where at least two refiners had planned to buy less Saudi oil than usual in May

India joined other major consumers to release 5 million barrels of oil from its strategic reserves in November to contain inflationary pressures and says it will look a similar move again

China will strictly control new capacity in its oil refining industry and will accelerate the elimination of inefficient and outdated production capacity, the industry ministry said

State-run Sinopec, CNOOC, PetroChina and Sinochem have stayed on the sidelines in trading fresh Russian cargoes for May loading

The shipment is part of a 10-year agreement signed between the Middle East nation's QatarEnergy and Chinese state oil and gas company Sinopec

A climate researcher asked: "Why would they allow further seismic survey if, as we understand, there's no new offshore petroleum permits?"

Some 41 Sri Lankan MPs walked out of the ruling coalition on Tuesday, leaving the Rajapaksa government in a minority in parliament as it struggles with the worst economic crisis in decades

The Ukraine war is stirring tensions in the Middle East, where two old US allies are questioning their ties because Joe Biden wants to resurrect a nuclear deal with Iran

Saudi Arabia, UAE and Qatar—key members of the Organization of the Petroleum Exporting Countries—have remained hesitant to increase oil and gas exports

China's leading new-energy vehicle manufacturer says BYD's auto business will focus on pure electric vehicles and plug-in hybrid electric vehicles

International Energy Agency members gave the green light to an unspecified coordinated oil release just a day after the US said it would tap into its Strategic Petroleum Reserve

Brent and WTI oil prices fall again after US announces biggest release ever from its Strategic Petroleum Reserve