Crude oil

China lifts fuel export curbs for July

The resumption of refined fuel exports from one of Asia's largest exporters comes after the interim peace deal between the U.S. and Iran, and is expected to ease prices for transportation fuels in a region where consumers have been grappling with inflation since Beijing curbed shipments to secure domestic supplies in March.

Oil refiners' Hormuz windfall may prove short-lived

Refining profitability is determined by two factors: the cost of crude oil and the price of the gasoline, diesel and jet fuel produced from it. At the moment, both are moving in refiners' favor.

South Korea expands energy partnership with UAE's ADNOC

Both parties will seek to boost long-term crude supply to Korean refiners, improve joint coordination during emergency supply situations such as seeking alternative export routes, and advance cooperation on international joint crude stockpiling in South Korea.

ADNOC, XRG and Mitsui sign SCA to explore growth opportunities across the energy value chain

Saudi Arabia considers expansion of oil pipeline to Red Sea

Kyrgyzstan expects fuel from China, Belarus to offset Russian supply crunch

Ukraine attacks on Russian energy sites: What has been hit?

The drone attacks are worsening fuel shortages in Russia, where people have reported rising prices and long queues at the filling stations across most regions.

OPEC+ to boost crude output, but can it deliver and who will buy?

The seven core members of OPEC+, which groups together OPEC and allied producers such as Russia, agreed at a meeting on Sunday to lift quotas by 188,000 barrels per day from August, taking the total increase to almost 800,000 bpd since April.

World absorbs historic Iran war oil supply loss, but depleted stocks bring risks

Tehran's throttling of the Strait of Hormuz in response to the U.S. and Israeli attacks launched on February 28 fed fears of a catastrophic global energy crunch.

Chinese independent refiners snap up discounted Mideast oil as supplies rise

Gulf oil exports are gushing into Asia as producers ramp up output and exports through the Strait of Hormuz following the interim peace deal between the U.S. and Iran, depressing oil prices globally.