Global Diesel Market in Turmoil as Ukraine Strikes Russian Oil Refinery

Ukraine's Systematic Attacks on Russian Refineries Push Oil Processing to 21-Year Low, Fuel Global Supply Disruptions


Since March, Ukraine has conducted syste...

Japanese Trade President: Strait of Hormuz Not Allowed as Conflict Reappears

Strait of Hormuz: Dangerous Seas Reshaping Global Supply Chains


Commercial shipping through the Strait of Hormuz is once again becoming unviable in the short ...

China Reduces Crude Oil Orders from Saudi Arabia Due to Hormuz Risk and New Discount Policy

Saudi Arabia Reduces Crude Oil Supply to China Amid Difficult Edge


BEIJING- Some Chinese refiners did not specify long-term crude cargoes from Saudi Arabia fo...

PetroVietnam Achieves Major Tech Milestone with Successful Processing of Two Novel Crude Oil Grades

BSR Successfully Processes Two New Types of Crude Oil, Expanding Processing Capacity to 40 Varieties


BSR (Vietnam Oil and Gas Group), a subsidiary of the Viet...

Indonesia Receives First Batch of Russian Crude Oil Under April Supply Agreement

Indonesia Receives First Russian Crude Oil Shipment, Diversifying Energy Supply Sources


Indonesia has welcomed its first shipment of Russian crude oil under a...

Goldman Sachs Overhauls Oil Market Forecast Amid Global Economic Shifts

Goldman Sachs Reverses Oil Market Forecast: What's Driving the Sudden Shift?


In a stunning reversal of position, global financial powerhouse Goldman Sachs has...

Crude oil revenue skyrocketed, becoming the number one source of budget revenue

Crude Oil Revenue Surges to Become Primary Source of State Budget


In an economic landscape facing numerous challenges, crude oil has emerged as a bright spot,...

Saudi Arabia Witnesses Robust Recovery in Oil Exports

Saudi Arabia's Oil Experiences Strong Recovery Amid US-Iran Tensions Easing


Following a period of geopolitical tensions that caused significant concerns in th...