International

China landed record-high volumes of Saudi crude in April as the world’s biggest oil importer increased its dependence on the Middle East, even though its overall crude imports have plunged this year. The spike in Saudi imports was probably attributable in part to official Saudi selling prices that were well …

Around half of Gazprom PJSC’s foreign clients have complied with a request from Russia’s president to open accounts with Gazprombank JSC, according to Deputy Prime Minister Alexander Novak. The shift in procedure follows a demand by Vladimir Putin in March that foreign buyers open ruble and foreign-currency accounts at the …

Around half of Gazprom PJSC’s foreign clients have complied with a request from Russia’s president to open accounts with Gazprombank JSC, according to Deputy Prime Minister Alexander Novak. The shift in procedure follows a demand by Vladimir Putin in March that foreign buyers open ruble and foreign-currency accounts at the …

Japan’s industry ministry said on Wednesday it will hold an auction on June 10 to sell 750,000 kiloliters, or 4.72 million barrels, of oil from its national reserve in a release coordinated by the International Energy Agency to cool prices. The supply will become available to the winning bidders on …

Russia became the fourth-largest oil supplier to India in April, with volumes set to rise further in coming months as low prices spur demand from the world’s number 3 oil consumer and importer, tanker tracking data showed. Russia’s share in India’s oil purchases rose to a record 6 per cent, …

Iraq’s oil ministry thwarted three prospective deals last year that would have handed Chinese firms more control over its oil fields and led to an exodus of international oil majors that Baghdad wants to invest in its creaking economy. Since the start of 2021, plans by Russia’s Lukoil and U.S. …

The representative of Iraq at the Organization of the Petroleum Exporting Countries (OPEC) confirmed on Saturday that the organization agreed to a new increase in the country’s production of oil starting from July, according to the Iraqi News Agency (INA). The Iraqi representative at OPEC, Muhammad Saadoun, in his statement …

Ukraine’s IT sector is booming despite the Russian invasion. Workers with stickers on their laptops recline on beach chairs outside a warehouse for start-ups in the west Ukraine city of Lviv giving off major Silicon Valley vibes. But the atmosphere inside is different. Through the glass doors of the complex, …

Iraq is redirecting crude flows from its primary customer base in Asia to refineries in Europe — and may soon be able to offer more volumes with the upgrading of a loading port, officials with state marketer SOMO said May 12, as Western countries have sought to wean themselves off …

The number of total active drilling rigs in the United States rose by 9 this week, on top of the 7 rig increase in the week prior, according to new data from Baker Hughes published on Friday. The total rig count increased to 714 this week—261 rigs higher than the …