Economics

India's Nayara Energy buys only Russian oil in Dec for 5th straight month

Nayara, part-owned by Russian oil major Rosneft, operates a 400,000-bpd refinery at Vadinar in the state of Gujarat.

Chinese refiners' 2025 oil imports, December inflows both hit record highs

bp flags up to $5 B in low-carbon energy impairments, redirects spending to oil and gas

Opinion: Win or lose, Trump’s fossil fuel gamble crowns China the clean-energy king

Beijing’s latest five‑year plan underscores its drive for self‑reliance in energy, critical minerals, and advanced technologies such as semiconductors and artificial intelligence.

“The corridor to the future runs through the UAE”: Abu Dhabi powering the AI era with molecules, gigawatts and partnership

China's heavy reliance on Iranian oil imports

Beijing, which is also the biggest buyer of oil from Venezuela and a top importer of oil from Russia, has used purchases from the three countries facing various Western sanctions to save billions of dollars on its import bill in recent years.

Carlyle, Chevron-Quantum partnership among frontrunners for Lukoil assets

U.S. refiner Marathon Petroleum says it will be bidding for Venezuelan crude oil

Caracas and Washington reached a deal this week to export up to $2 B worth of Venezuelan crude, some 30 MMbbl–50 MMbbl, to the United States.

Shell flags chemicals and products unit loss, raising doubts over $3.5 B buyback

Saudi's SABIC sells assets in Europe, Americas worth $950 MM