India–Russia Trade Skews Sharply After Ukraine War

India’s imports from Russia have soared since 2022, widening the trade gap to record levels as discounted oil drives a ...
MarketWatch

The U.S. is the world’s largest oil producer. So why does it still import crude from Canada?

The U.S. is the world’s largest oil producer, but it still needs to import more crude oil than it makes. The majority of those imports come from Canada and Mexico, thanks to a mutually beneficial ...
Reuters

Saudi poised to increase summer crude burn for power as fuel oil becomes costly

SINGAPORE, May 20 (Reuters) - Saudi Arabia is expected to burn more crude oil for power generation this summer than last as it ramps up output after OPEC+ eases supply controls and as fuel oil has ...
Reuters

China's crude oil imports fall in 2024, first time in two decades outside of COVID

2024 crude oil imports 11.04 mln bpd, down 1.9% vs 2023 Crude oil demand drops amid plant closures, electrification 2024 refined fuel product exports down 7.2% vs 2023 2024 natgas imports hit new high ...
Business Insider

Why oil prices keep crashing even as Trump's trade war pivot eases demand fears

US oil prices are down over 22% since hitting a peak in January. Oil markets have suffered amid trade war and recession uncertainty. OPEC+ is discussing plans to boost oil output in June. Easing trade ...