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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India announces phased introduction of biogas blending for domestic use

India announces phased introduction of biogas blending for domestic use

Biogas, methane collected from dairy farms, is piped into a cleaning facility at the Calgren facility in Pixley, California, U.S., October 2, 2019. Picture taken October 2, 2019. REUTERS/Mike Blake/File Photo Acquire Licensing Rights NEW DELHI, Nov 25 (Reuters) – India will start blending compressed biogas with natural gas to boost domestic demand and cut …

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Oil prices hit 4-month low on concerns about U.S., Chinese economy

Oil prices hit 4-month low on concerns about U.S., Chinese economy

[1/2]Storage tanks are seen at Marathon Petroleum’s Los Angeles Refinery, which processes domestic & imported crude oil into California Air Resources Board (CARB) gasoline, CARB diesel fuel, and other petroleum products, in Carson, California, U.S., March 11, 2022. REUTERS/Bing Guan/File Photo Acquire Licensing Rights U.S. front-month contract at discount to second month China Oct oil …

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