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Crude oil futures were higher in mid-morning Asian trade June 1 as investors looked past recent bearish reports of Russia being excluded from an OPEC+ production deal to refocus back on an oil [...]

Canadian producers Cenovus and Suncor have revived their West White Rose oil project offshore eastern Canada’s Newfoundland and Labrador provinces, which will deliver 80,000 gross b/d of [...]

Iraq’s state oil marketer SOMO has approached French traders about the possibility of supplying Europe with crude, its director general said May 31, as the EU seeks to implement a ban on [...]

European refiners looking to replace Russian crude have turned to countries and grades that have seen limited flows to the continent in recent years, as well as buying more oil from sources used [...]

The EU has agreed to ban Russian oil imports by sea, amounting to more than two-thirds of Russian crude deliveries to the bloc, in a move expected to further reshape global energy flows and add [...]

China’s independent refineries in Shandong are set to resume taking Russian Urals, with the first cargo arriving in early June and at least eight more cargoes later in the month, according [...]

EU leaders agreed a compromise deal to ban Russian oil imports by sea late May 30 in a move set to phase out almost 90% of Russian oil imports into the trade bloc by year-end and trigger a major [...]

UAE’s oil-rich emirate of Abu Dhabi is forecast to pump on average 3.1 million b/d in 2022, S&P Global Ratings said in a May 30 report, as OPEC+ members continue to relax curbs on crude [...]

Abu Dhabi National Oil Co. and Austria’s petrochemical company Borealis have raised over $2 billion from the initial public offering of their joint venture as the UAE’s state-owned [...]

Surging crude prices have prompted India to set an ambitious goal of achieving 20% ethanol blending in gasoline, a move analysts said could help to cut the ballooning oil import bill, although [...]