India surpasses China to become Russia’s top oil buyer in July

India surpasses China to become Russia’s top oil buyer in July

NEW DELHI, Aug 22 (Reuters) – India overtook China as the world’s biggest importer of Russian oil in July as Chinese refiners bought less because of lower profit margins from producing fuels, a comparison of import data showed. Russian crude made up a record 44% of India’s overall imports last month, rising to a record …

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OPEC+ agrees to voluntary oil output cuts, invites Brazil to join

OPEC+ agrees to voluntary oil output cuts, invites Brazil to join

FILE PHOTO: OPEC’s logo is seen in this illustration taken, October 8, 2023. REUTERS/Dado Ruvic Acquire Licensing Rights OPEC+ announces no new group cut target for 2024 Instead members led by Saudi Arabia to make voluntary cuts Saudi to roll over 1 million bpd cut into Q1 Russia to cut 500,000 bpd OPEC+ invites Brazil …

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Oil prices rise as OPEC+ meets to discuss supply cuts

Oil prices rise as OPEC+ meets to discuss supply cuts

An aerial view shows a crude oil tanker at an oil terminal off Waidiao island in Zhoushan, Zhejiang province, China January 4, 2023. China Daily via REUTERS/File Photo Acquire Licensing Rights LONDON, Nov 30 (Reuters) – Oil prices rose by more than 1% on Thursday in anticipation of the outcome of an OPEC+ meeting with …

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