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Unlike Japan and South Korea, both of which are looking at ways to battle runaway oil prices via subsidies and tax cuts, China has raised its ceiling price for gasoil and gasoline in keeping with [...]

Asian refiners and trading companies that regularly buy Far East Russian crude oil were increasingly showing preference to take spot cargoes from non-Russian equity holders in a way to reduce [...]

China’s Shandong province has issued a draft for public comments on the implementation of a two-part on-grid tariff mechanism for local natural gas-fired power plants, according to a notice [...]

Crude oil futures were higher in mid-morning Asian trade March 1, as the market assesses the impact of restrictions on Russia’s use of SWIFT international payment system amid looming threat [...]

Iran’s state-owned National Iranian Oil Company was offering fewer cargoes to Chinese trading houses as it looks to keep barrels to sell directly to the market ahead of the potential [...]

Near-term forecasts for warmer temperatures in Texas look likely to squash the recent run of higher spot natural gas prices in the state, with gas demand expected to fall while risks of [...]

Russia’s military incursion into the Ukraine and subsequent sanctions levied by the US and other nations have most refiners stepping away from buying Urals and CPC Blend crude, despite [...]

Oil companies, refiners, shippers and traders are all weighing their involvement and exposure to Russia after financial sanctions were imposed in response to the invasion of Ukraine. Dated Brent [...]

0825 GMT: Crude oil futures jumped Feb. 28 in early London trading as markets weighed the impact of tougher financial sanctions on Russia against reports of possible negotiations between [...]

Oman, the biggest oil producer in the Middle East outside OPEC, is in talks with TotalEnergies and Shell to sign a commercial agreement to develop gas Block 11, which is adjacent to gas-rich [...]