Page 2 - Vortexa Analytics News Today

The ban on shipping and the price cap have made buyers wary and forced Russia to pay for transportation of crude as it does not have enough tankers to carry all of its exports. As of late January, Russian oil firms were offering discounts of $15-$20 per barrel for crude to buyers in India and China, according to at least 10 of the traders who are involved in operations and an invoice seen by Reuters.

Western sanctions on Russia have significantly reduced state oil revenues and diverted tens of billions of dollars towards…

By Dmitry Zhdannikov, Chen Aizhu and Nidhi Verma LONDON, Feb 8 (Reuters) – Western sanctions on Russia have significantly reduced state oil revenues and diverted tens of billions of dollars towards shipping and refining...

The latest oil and gas news, dedicated to all things oil and gas: people, technologies, transactions, trends, and macro-economic analysis that impact commodity prices.

SINGAPORE: China's crude oil imports from Russia rose 17 percent in November from a year earlier, as Chinese refiners rushed to secure more cargoes ahead of a price cap imposed by the Group of Seven nations on Dec. 5. The jump made Russia the top oil supplier for China ahead of Saudi Arabia. Arrivals of Russian crude, including oil pumped through the East Siberia Pacific Ocean

Refiners in China are preparing to increase their processing rates by 10 percent next month as they expect fuel demand and export quotas to increase

SINGAPORE—China's crude oil imports from Russia in August surged 28 percent from a year earlier, official data showed ...

China has been reportedly been transporting millions of barrels of Venezuelan oil through a state-owned defense firm since 2020.

China has been reportedly been transporting millions of barrels of Venezuelan oil through a state-owned defense firm since 2020.

LONDON/SINGAPORE — Iran increased its oil exports in June and July and could raise them further this month by offering a deeper discount to Russian crude for…