Oil demand

India and China Lead Russian Crude Oil Purchases, Shifting Global Dynamics

In a remarkable turn of events, India and China have emerged as dominant players in the global oil market, cementing…

2 years ago

Oil rises on demand optimism as China borders reopen

Oil prices climbed more than 2% on Monday as China's move to reopen its borders boosted the demand outlook and…

3 years ago

Saudi Aramco joins oil results bonanza with 39% jump in net income

Saudi Arabian state oil producer Aramco beat forecasts on Tuesday with a 39% jump in third-quarter net income and reported record…

3 years ago

OPEC+ oil supply cuts could tip world into recession, IEA says

A decision by the OPEC+ oil producer group last week to rein in output has driven up prices and could…

3 years ago

Oil prices drop as IEA warns of slowdown in demand recovery

Oil prices declined on Thursday after the International Energy Agency (IEA) said the spread of the Delta variant of the…

4 years ago