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Oil slips on China demand worries while EU weighs Russia oil ban | Hellenic Shipping News Worldwide

Oil prices slipped on Tuesday in a second day of thin trading in Asia, pulled in opposite directions by China’s COVID-19 lockdowns, which could weigh on fuel demand, and prospects for a supply hit from a possible European oil embargo on Russia. Brent crude LCOc1 futures fell 23 cents, or 0.2%, to $107.35 a barrel ...
United States Edmund Klamann Vivek Dhar Sonali Paul Simon Cameron Moore Energy Information Administration On

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China's 2022 crude imports seen rebounding on new refineries, inventory refill | Hellenic Shipping News Worldwide

China’s crude oil imports could rebound by 6-7% this year, reversing 2021’s rare decline as buyers step up purchases for new refining units and to replenish low inventories, analysts and oil company officials said. Robust demand from China, which accounts for a tenth of the global crude trade, would help underpin global oil prices, keeping ...
United States Mia Geng Julie Torgersrud Florence Tan Shi Fenglei Chen Aizhu

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