Oil Demand

Russia Says Sanctions Helped Cement China, India Energy Ties

Together China and India accounted for around 90% of Russia’s crude exports, while Europe's share fell to only about 4-5%…

2 months ago

India Buying Russian Oil at 30% Above Western Price Cap

India has become the top buyer of seaborne Russian oil, mainly Urals, since Western sanctions were imposed on Moscow over…

5 months ago

Fossil Fuel Phase-Out ‘Unrealistic’, China Climate Chief Warns

Beijing’s special climate envoy, Xie Zhenhua, will tell the COP28 climate meeting new energy sources aren’t reliable enough yet to…

5 months ago

US Top Buyer of India’s Russian Crude Petroleum Goods – Mint

India sold crude products worth $588 million to the US in November after snapping up sanctioned Russian oil at deep…

1 year ago

China Lockdowns, Demand Fears Blamed For Oil Price Tumble

Asia's factory activity slid last month as China's strict zero-Covid approach and cost pressures hit businesses hard

1 year ago

Russia is China’s Top Oil Supplier for Second Straight Month

The equivalent of about 1.77 million barrels per day (bpd) of Russian oil were shipped to China, down from May's…

2 years ago

US Imposes Sanctions on China Energy Firms Over Iranian Oil

The US Treasury cracked down on Hong Kong-based Lustro Industry, saying it hid its role in purchases of petrochemical products…

2 years ago

India Energy Export Tax Sends Reliance Shares Down 8.7%

Shares in Indian energy firms fell sharply on Friday after Delhi imposed a tax on fuel exports. Reliance sank by…

2 years ago

Asia Stocks Lifted as China Eases Covid Curbs on Travellers

Beijing’s relaxation of some quarantine rules for international arrivals boosted hopes of a recovery in the world’s No-2 economy

2 years ago

China, India Keeping Putin’s War Machine Funded – NYT

China and India have been stocking up on Russian oil, but their actions have undermined efforts by the US and…

2 years ago

India Sails to Rescue of Russian Oil Tankers Hit by Sanctions

The move by the Indian Register of Shipping is keeping state-owned Sovcomflot's tanker fleet afloat and ensuring it can continue…

2 years ago

Russia Earning More From Energy Than Before Invasion: US

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

2 years ago