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Crude Oil - Russia Overtakes Saudi Arabia As China’s Top Oil Supplier
China imported a record volume of Russian crude in May, with arrivals surging by 55 percent to nearly 2 million barrels per day (bpd). This has made Russia the top oil supplier to the world's leading ...
Vitol CEO says more Russian crude and products set for Asia in 2023
More Russian crude oil and products will head to Asian markets in 2023 while Europe will turn more to the Middle East to buy diesel, Vitol CEO Russell Hardy said ...
Global crude oil prices decline on fears of recession, weak demand outlook
A decline in crude oil prices is usually good for oil marketing companies as pressure on their margins reduces. However, they would benefit only if low prices sustain for a prolonged period, which ...
Crude Oil Price Forecast – Crude Oil Markets Slump
Crude oil markets have fallen slightly during the trading session on Monday, but you should keep in mind that it was Juneteenth in the United States, meaning that some major liquidity was missing.
Crude Oil Dropped Significantly
According to Baker Hughes, the number of active oil drilling rigs is growing again. In the US, the indicator grew by 4 rigs over a week, reaching 584 units, in Canada – by 10 units (to 104 rigs). On ...