Chinese Oil Giants Return to Russian Crude After U.S. Sanctions Waiver
Chinese state oil giants are back scouring the market for Russian crude, four months after halting purchases due to the U.S. sanctions on Rosneft and Lukoil, as China aims to…
UAE Halts Shah Gas Field After Iranian Drone Attack
The United Arab Emirates has suspended operations at a key natural gas field in Abu Dhabi following the first direct attack on a producing field in the UAE as Iran…
Oil Price Shock Forces India’s Top Refiners to Suspend Fuel Credit
India’s state-controlled refiners and retailers are requesting advance payments for the fuel they are supplying to fuel stations as the Middle East war chokes supply to the world’s third-largest crude…
Iraq Negotiates with Iran to Reopen Vital Oil Shipping Route
The federal Iraqi government is in contact with Iran to persuade Tehran to allow some Iraqi oil tankers to pass through the Strait of Hormuz, Iraq’s Oil Minister Hayyan Abdul…
