China Boosted Oil Imports Nearly 16% in Early 2026
Crude oil imports into China climbed 15.8% over the first two months of the year, with the information likely to continue to a reversal of the recent decline in oil…
Saudi Aramco Profits Fall 12% to $104.7 Billion as Oil Prices Weigh
Saudi Aramco reported net profits of $104.7 billion for 2025, down by 12% on the year amid persistently low oil prices last year. The company also said it would buy…
Iran Warns No Oil Will Leave the Middle East Until U.S. and Israeli Attacks Stop
Iran has warned that “not a litre” of oil will be exported from the Middle East until the United States and Israel stop bombing it. The warning comes on the…
Oil Prices Tumble After Trump Signals Iran War Could End Soon
Oil prices tumbled in early Asian trade on Tuesday after surging to their highest levels since 2022 a day earlier. The drop was driven by comments from Trump that suggested…
G7 Nations Delay Strategic Oil Reserve Release Decision
Finance ministers from the Group of Seven (G7) countries reached a broad agreement on Monday to hold off the release of oil from their respective strategic reserves, for now. The…
Trump Teases Early End to Iran War
President Donald Trump on Monday said the US and Israel were making significant progress in their war on Iran and could end the conflict “very soon,” curtailing an oil-price surge. Trump…
