The eight key members of the OPEC+ alliance, including Saudi Arabia and Russia, on Sunday said they had agreed a further slight hike to their oil production.
India's Bharat Petroleum Corp has bought crude oil from Abu Dhabi in a spot tender to replace oil from Russia after the U.S.
The U.S. and its allies are ratcheting up sanctions on both Russian producers and their customers in a bid to stop the war by choking off Moscow’s oil revenues.
The group agreed to a modest output increase for December, but will pause further increments in the subsequent months.
According to the magazine, there is also suspicion that Ukraine could not have executed the strikes without American, British, or European assistance ...
According to Reuters' industry sources, the shift marks a notable change for Turkey — one of the main buyers of Russian oil, ...
China’s stockpiling has also helped stabilize oil prices, with Brent crude holding near $65 a barrel after touching five-year ...
Since April, OPEC+ has lifted its production targets by more than 2.7 million barrels a day, roughly 2.5% of total global ...
OPEC+ is set to agree on Sunday on another modest increase in oil output targets, three sources familiar with the talks said, as the producers' group moderates plans to regain market share due to ...
The actual historical record shows that Putin has never “kept going” but that, when Russian forces have been deployed, they have been limited to specific objectives when they could have easily kept ...
Former Bulgarian environment minister Julian Popov believes the government is "not properly prepared" and has "no contingency plan" for Lukoil’s exit ...
Compliance with the latest U.S. sanctions on Russian crude exports is expected to vary sharply among major buyers, particularly India and China, according to a recent report by BCA Research. The ...
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