The effective prices refiners pay could exceed the $60 per-barrel cap that came into effect on Monday

The marine news publication Lloyd's List said an anonymous entity based in Dalian has bought several very large crude carriers to create the hub off the coast of Portugal

US asked Indian officials not to purchase too much Russian oil, energy official tells Senate subcommittee on Europe and regional security cooperation

Biden orders release of 1 million barrels a day into market over next six months amid war-related price spike

As of Friday, retail petrol prices will rise by 750 yuan ($118) a tonne and diesel prices by 720 yuan a tonne, the National Development and Reform Commission said

Russia is the second largest supplier of crude oil to China and its third biggest gas supplier. It is also a major oil supplier to South Korea, while it also sells coal to Japan, Vietnam and India.

Tight global supplies and geopolitical tensions in Eastern Europe and the Middle East have boosted oil prices by about 15% so far this year

Traders around the Pacific couldn’t keep pace with their Wall St colleagues where post-pandemic positivity pushed the numbers to record highs again

Investors appeared reassured central banks won’t be pushing up interest rates any time soon and that leading economies’ pace of growth will continue

Market movements were minimal as eyes remained fixed on the US looking for signals Washington is set to apply the brakes on its pandemic bounce back

Tokyo stocks crept higher but business was light as traders looked to the next Fed announcement on how the US will deal with its post-pandemic boom

(ATF) International oil prices continued to rise sharply during the latter part of February prompting a rise in...