India, the world's third biggest oil importer and consumer, ships in over 80% of its needs and wants to monetise its oil and gas resources to cut its import bill

Even for shipments arriving in July, industrial consumers are not placing orders, a Chinese trader said, as gas use has plunged due to the Covid-19 resurgence and weak manufacturing

Elizabeth Rosenberg, assistant secretary for Terrorist Financing and Financial Crimes, will be in India on what is seen as a US bid to try to temper India's purchases of Russian oil

Woodside Energy Group chief Meg O'Neill said the market would have to adjust to supply disruptions in the wake of sanctions on Russia for its war in Ukraine

Customs data on Friday showed that China more than doubled its imports of Russian coking coal in April, taking advantage of a large discount compared to other sources

The statement comes as oil prices rebounded from two days of losses in a volatile session, bolstered by weakness in the US dollar

Indian refiners have increased their purchases of cheaper Russian oil shunned by many other countries over its Ukraine invasion

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