Russia seeks new fuel markets in Africa, Middle East as Europe turns away

Model of petrol pump is seen in front of EU and Russian flag colors in this illustration taken March 25, 2022. REUTERS / Dado Ruvic / Illustration / File Photo Register now for FREE unlimited access to Reuters.com Register MOSCOW, June 23 (Reuters) – Russia is increasing gasoline and naphtha supplies to Africa and the … Read more

China May oil imports from Russia soar to a record, surpass top supplier Saudi

Oil and gas tanks are seen at an oil warehouse at a port in Zhuhai, China October 22, 2018. REUTERS / Aly Song Register now for FREE unlimited access to Reuters.com Register Russia overtakes Saudi as top supplier after 19-month gap Russian imports nearly 2 mln bpd in May Imports from Malaysia more than doubled … Read more

Oil prices fall on prospect of OPEC offsetting Russian output loss

OPEC + to meet on Thursday to discuss July output policy Saudi, OPEC may make up for Russian oil output loss – sources OPEC experts did not discuss suspending Russia from quotas – sources LONDON, June 2 (Reuters) – Oil prices fell on Thursday on speculation that Saudi Arabia and other OPEC members may boost … Read more

Russia’s Lavrov to meet GCC ministers in Riyadh on Wednesday, say officials

RIYADH, May 31 (Reuters) – Russian Foreign Minister Sergei Lavrov arrived in Saudi Arabia on Tuesday, Saudi state media said, on a visit that Gulf officials said would feature a meeting with foreign ministers from the Gulf Cooperation Council (GCC) states. Lavrov, who also visited Bahrain earlier on Tuesday, is expected to meet ministers from … Read more

Oil turns negative as OPEC eyes Russia suspension from output deal

FILE PHOTO – Models of oil barrels and a pump jack are displayed in front of a rising stock graph and “$ 100” in this illustration taken February 24, 2022. REUTERS / Dado Ruvic / Illustration Register now for FREE unlimited access to Reuters.com Register Gulf producers may hike output if Russia suspended from OPEC … Read more

EU agrees gradual Russian oil embargo, gives Hungary exemptions

Embargo aims to hit Russian ability to finance war Embargo details still need to be agreed on Ban gives carveout to Hungary, Slovakia, Czech Republic Countries split on more EU sanctions targeting Russian gas Leaders discuss how to mitigate soaring energy prices BRUSSELS, May 31 (Reuters) – European Union leaders have agreed an embargo on … Read more

Oil prices climb above $ 120 a barrel ahead of EU meeting on Russia sanctions

Storage tanks are seen at Marathon Petroleum’s Los Angeles Refinery, which processes domestic & imported crude oil, in Carson, California, US, March 11, 2022. Picture taken March 11, 2022. Picture taken with a drone. REUTERS / Bing Guan / File Photo Register now for FREE unlimited access to Reuters.com Register EU to discuss sixth package … Read more

EU may clinch summit deal to embargo Russian oil shipments

A model of the natural gas pipeline is seen in front of displayed word EU and Russia flag colors in this illustration taken March 8, 2022. REUTERS / Dado Ruvic / Illustration Register now for FREE unlimited access to Reuters.com Register BRUSSELS, May 27 (Reuters) – EU countries scrambled on Friday to reach a deal … Read more

Morning Bid: Get your motor runnin ‘- Reuters.com

Morning Bid: Get your motor runnin ‘Reuters.com

Oil rises to 2-month high on tight supplies, EU seeks Russian crude ban

A flame burns from a tower at Vankorskoye oil field owned by Rosneft company north of the Russian Siberian city of Krasnoyarsk March 25, 2015. REUTERS / Sergei Karpukhin / File Photo Register now for FREE unlimited access to Reuters.com Register NEW YORK, May 26 (Reuters) – Oil prices climbed about 3% to a two-month … Read more