"Our refining margins were in the negative, and operations only began to recover slightly from late May with some early signs of easing in lockdowns," a refinery trading manager said

The carbon capture project, situated at CNOOC's Enping Oilfield in the mouth of the Pearl River, will store carbon dioxide emitted during oil extraction

Russian grades totalled 16.5% of India's oil imports last month, but the country still gets nearly 60% of its oil from Iraq and nations in the Middle East, and the Russian spurt may have already ended

China-Russia trade reached $65.81 billion in the first five months of this year, up 28.9% over 2021, according to customs data released by China on Thursday

The risk of a global recession is keeping the US from imposing curbs on India and China, which are buying Russian oil at deep discounts

US asked Indian officials not to purchase too much Russian oil, energy official tells Senate subcommittee on Europe and regional security cooperation

The days of cheap Russian oil have evaporated, according to Indian sources, who say Rosneft has failed to sign new oil deals with Indian refiners, as sales have been done with other customers.

Freeport LNG announced the closure after assessing the damage. Asian markets are already strained by limited access to Russian LNG due to its war on Ukraine

The Nord Joy fuel tanker was boarded by armed navy personnel on May 30 while anchored in Indonesian waters to the east of the Singapore Strait

Russia is pumping an extra 70,000 barrels a day via the East Siberia Pacific Ocean pipeline to Kozmino, its port in the Far East, amid surging demand from countries in Asia and EU sanctions

Chevron Munaigas and KazMunayGas said they would evaluate the potential for carbon capture, utilisation, and storage as well as hydrogen production and methane management

The IMF stressed the need to end unfunded subsidies, which were costing the cash-strapped country billions per month, in talks with Islamabad that concluded last week