Ukraine, UK sign 100-year partnership agreement, pledges $3.6 billion in military support Ukrainian drones strike oil depot, gunpowder factory in Russia Ukrainian paratroopers capture 27 Russian ...

Broader adoption of the petroyuan – shorthand for the use of China’s currency in cross-border crude oil settlements – is widely seen as a necessary step in the yuan’s further ...

The cost of shipping Russian ESPO crude to China has more than tripled after the US imposed aggressive sanctions on Moscow’s oil industry last week, with rates expected to climb even higher ...

China, the world's biggest crude oil importer, has a well-established pattern of trimming imports when its refiners take the view that prices have risen too high or too quickly. Given the lag of ...

Simply sign up to the Oil myFT Digest -- delivered directly to your inbox. Amin Nasser, the head of Saudi Aramco, the world’s largest oil company, has always had one special customer: China.

China ramped up investment in grid expansion by 19% last year as it seeks to reduce waste in wind and solar and get more of their output to end consumers. According to a Bloomberg report citing ...

U.S. President Joe Biden's administration imposed its broadest package of sanctions so far targeting Russia's oil and gas revenues on Friday to give Kyiv and Donald Trump's incoming team leverage ...

Many of the tankers have been used to ship oil to India and China as western sanctions and a price cap imposed by the Group of Seven countries in 2022 shifted trade in Russian oil from Europe to Asia.

Iran has shipped nearly 3 million barrels of oil from a storage site in China, people familiar with the matter said, in a bid to raise funds that could be used to shore up Iran’s allied militia ...

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Asia's crude oil imports dropped in 2024, the first annual decline in three years, led by weak demand from heavyweight China and other major buyers, with only India managing sparse growth. The world's ...

CHINA’S independent oil refineries face a reckoning this year as Beijing tackles overcapacity in the industry, and the crude they rely on becomes a lot scarcer. Over a fifth of the country’s oil ...