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LAUNCESTON, Australia, May 29 (Reuters) - Asia's imports of crude oil are on track for a strong rebound in May as the region's two biggest buyers, China and India, suck up Russian cargoes. A total... | 07:22pm
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Asia's imports of crude oil are on track for a strong rebound in May as the region's two biggest buyers, China and India, suck up Russian cargoes.
The robust imports by China come as the traditional refinery maintenance period ends and refiners ramp up throughput to build stockpiles ahead of the peak summer demand season
RIYADH: Oil prices rose on Monday after US leaders reached a tentative debt-ceiling deal, possibly averting a default in the world’s largest economy and oil consumer, although concerns about further interest rate hikes capped gains. Brent crude futures climbed 45 cents, or 0.6 percent, to $77.40 a barrel by 3:30 a.m. Saudi time, while US West Texas Intermediate crude was at
A total of 108mln tonnes, or 26.39mln bpd was imported by Asia last month, according to data compiled by Refinitiv Oil Research