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China's crude oil imports may grow 1% in 2025, CNPC says
China's crude oil imports will likely rise only 1% this year, and the country's reliance on oil imports is projected to remain at around 70% between 2026 and 2030, according to an outlook released by state energy giant China National Petroleum Corp (CNPC).
China imports record amount of Russian crude oil in 2024, Reuters reports
Imports of Russian crude oil to China reached a record high in 2024, rising by 1% compared to 2023, Reuters reported on Jan. 20. The Russian fossil fuel industry is the primary economic driver of Moscow's full-scale war against Ukraine.
Top sponsor of war against Ukraine purchases record volume of Russian oil
China increased its crude oil imports from Russia by 1% in 2024 compared to 2023, reaching a record level. Imports from Saudi Arabia fell by 9%, Reuters reports. According to China's General Administration of Customs,
China's surplus crude oil surged last year, giving options for 2025
China's surplus crude oil eased slightly in December, but the excess surged in 2024 to more than 1 million barrels per day (bpd) as refiners gobbled up cheaper Russian cargoes.
21h
on MSN
U.S. crude oil falls as Trump weighs tariffs, aims to boost energy production
U.S. crude oil was down $1.89, or 2.4%, to $75.99 per barrel by 8:29 a.m. ET, while global benchmark Brent fell $1.30, or 1.6 ...
Crude Oil Prices
11h
Oil Majors Borrow Billions for Buybacks as Production Wanes
Despite deregulation efforts and calls for increased production, U.S. oil drilling activity has fallen to near post-pandemic ...
1d
Crude Oil Price Forecast – Crude Oil Pulls Back During Holiday Trading
The crude oil markets continue to be noisy, but at this point in time, the market also had to deal with the idea of there ...
1d
Indian refiners seek crude after US sanctions disrupt Russia oil supply
Indian refiners Mangalore Refinery and Petrochemical Ltd (MRPL) and Bharat Petroleum Corp Ltd (BPCL) issued tenders this week ...
Nairametrics
5h
NNPC uncovers 55 illegal refineries in one week, lists hotspots of crude oil theft
The Nigeria National Petroleum Company Limited said it uncovered 55 illegal refineries and 29 illegal pipeline connections in ...
Crude Oil Prices
1d
Oil Prices Fall Ahead Of Trump Inauguration
Oil prices fell as traders await clarity on President-elect Donald Trump's policy agenda, while banks predict prices will ...
cnbctv18
10h
Crude oil prices hold losses as Trump's tariff threat raises trade war fears
West Texas Intermediate traded below $76 a barrel following a run of declines since Thursday, while Brent closed near $79.
Arab Times
16h
No substitute to crude oil in near future
In statements issued to the media during the opening of the conference and exhibition for oil spills, which was held under ...
Odessa American
19h
Oil companies leaked less methane in West Texas, a new report says. Environmentalists are skeptical
The Odessa American is the leading source of local news, information, entertainment and sports for the Permian Basin.
17h
4 Big Cap Oil Stocks: Breaking Out And Hitting New Highs
DT Midstream is an oil and gas exploration company with a market cap of $11.34 billion. The price-earnings ratio is 21.
15h
Cutting off oil is Canada’s nuclear option. What would it mean if it happens?
In Canada's arsenal of possible responses to a Trump tariff, the nuclear option is the threat to withhold, reduce or place ...
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