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US Oil Exports to Asia to Hit Record Highs As Supplies Get Cheaper: Report

Deliveries of US oil to Asia are set to hit 1.8 million barrels a day this month, according to Reuters.

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China s Imports of US Oil Hit 18-Month High As It Spurns Russian Crude

Chinese state oil giant Sinopec has ramped up its purchases of US oil as it bets domestic demand will rise again in the fall.

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Over 5 mn barrels of oil from US reserves sent overseas

The export of crude and fuel is blunting the impact of the moves by US President Joe Biden to lower record pump prices.

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Europe Banning Russian Oil Risks Moscow Using Gas Power Tool , Vortexa

Russia is a major producer of energy and makes billions from its exports. The EU is its biggest customer and natural gas is a powerful political tool.

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Major Oil Traders Are Set to Cut Purchases of Russian Oil: Report

Major oil trading houses are set to significantly reduce the amount of oil they purchase from Russia from May 15th, a report says.

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