China May oil imports from Russia soar to a record, surpass top supplier Saudi

Imports of Russian oil totalled nearly 8.42 million tonnes.

China snaps up Russia’s Far East oil even as Covid saps demand

China is boosting imports of Russian ESPO crude from the Far East.

China decreased Russian oil imports

The country buys more from Saudi Arabia and Iraq.

Oil prices edge lower, tracking biggest weekly gain since late August

Oil prices dipped on Friday but were still on track to their biggest weekly gain since late August.

China's November coal imports at highest in 2021

Imports in the first 11 months of the year were 292.32 million tonnes, up 10.6% year-on-year.

IEA says renewable power installations are set for a record year, warns of net-zero uncertainty

The world is set to add nearly 290 gigawatts of renewable power capacity this year.

Oil prices continue going up after the maximum increase in two weeks

Biden agreed with Asian countries on the use of SPR.

US and Asian countries agree on strategic oil reserves

Earlier, Biden ordered the ministry to use 50 million barrels of oil from the strategic reserve.

Brent price dropped to $78.68 per barrel

New quarantine restrictions in Europe shows that the growth rate of global oil demand may turn out to be weaker.

India will not use oil from strategic reserves

India has rejected a US request to open strategic oil reserves.

Oil prices increase after falling to their lowest levels in six weeks

Biden also urged Asian countries to consider selling raw materials from stocks to ease the pressure on the market.

Oil prices continue their decline

The oil market was not supported even by the data on the reduction of oil stocks in the US last week.