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Oil import
EU
EU’s Borrell Hopeful of Deal on Russian Oil Ban
European Union members should be able to reach an agreement on a new sanctions package against Russia, including imposing restrictions on Russian oil imports, d…
Crude Oil
EU Steps Up Purchases of U.S. Oil
EU crude oil imports from the U.S. are ramping up as the EU mulls an import ban on Russian crude.
Crude Oil
EU Prepares ‘Smart Sanctions’ on Russia
The European Union is preparing “smart sanctions” against Russian oil imports, The Times says, citing the European Commission’s executive vice-president, Val…
United States
US Refiners Turn to Middle East for Fuel Oil After Russia Import Ban
US refiners began snapping up fuel oil cargoes from the Middle East this month after President Joe Biden banned Russian oil imports over the country's invasion …
Crude Oil
Japans' ENEOS Has No Plans to Sign Russian Crude Import Deals Following Invasion: Chairman
Japan's largest refiner ENEOS does not plan to sign any Russian crude oil import contracts following Russia's invasion of Ukraine, ENEOS Holdings Chairman Tsuto…
Crude Oil
China's Jan-Feb Daily Crude Oil Throughput Falls to Lowest Since End-2020
China's daily oil processing rate dropped 1.1% in the first two months of 2022 from a year ago, to the lowest since December 2020, as independent refiners scale…
Crude Oil
UK to Phase out Russian Oil Imports by End of 2022
The UK Government has announced plans to phase out oil imports from Russia by the end of 2022 in response to Vladimir Putin’s illegal invasion of Ukraine.
Oil & Gas Trade
US and Europe Discuss Plans to Ban Russian Oil Imports, Blinken Says
US Secretary of State Antony Blinken is in Europe to co-ordinate with allies against Russia's military offensive in Ukraine. APThe US and European partners …
Crude Oil
Can the U.S. Replace Russian Oil Imports?
Following Russia’s invasion of Ukraine, one of the issues being discussed a lot in the West is what an ongoing military conflict may do to oil prices.
Oil Price
India Ready to Tap National Oil Stocks Further to Tackle Soaring Prices
India is prepared to release additional crude from its national stocks in support of efforts by other major oil importers to mitigate surging global prices, the…
Oil & Gas Trade
Sri Lanka Needs US$1,285mn for Three Months of Oil, US$500mn from India: Minister
Sri Lanka needs 1,285 million US dollar for oil imports in the next three months, of which 500 million will come from an Indian credit line, Energy Minister Uda…
Crude Oil
China’s November Base Oil Imports Rise
China's base oil imports rose in November, supported by increased demand for replenishment cargoes at lower prices.
Oil & Gas Trade
China Boosts Imports Of Cheap Oil From Sanctioned Iran And Venezuela
Chinese refiners imported 53 percent more oil from Iran and Venezuela last year compared to 2020
Oil & Gas Trade
Korea's Imports of U.S. Crude Oil Considerably Increases Last Year
As a result, South Korea became the biggest U.S. crude oil importer in Asia last year.
Oil & Gas Trade
China’s Oil Imports in November from Saudi Arabia Fall from a Year Earlier
China’s crude oil imports from Saudi Arabia in November fell 13% from a year earlier, but the kingdom retained its ranking as the top supplier to the world’s …
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