China's crude oil imports from top supplier Russia were up 1% in 2024 to a record high versus 2023, while purchases from Saudi Arabia dropped 9%, data showed on Monday, as refiners chased discounted Russian supplies to cope with weakened margins.

Surprise sanctions package against Russia has grounded tankers while Trump's return brings greater uncertainty to market

China's crude oil imports from Russia hit a record high in 2024, while imports from Saudi Arabia declined, reflecting a shift in China's sourcing strategy amid geopolitical tensions and sanctions.

The International Monetary Fund downgraded its growth forecasts for Saudi Arabia by more than any other major economy it tracks, citing the decision by the oil alliance OPEC+ to extend production cuts.

China’s crude oil imports from its largest supplier, Russia, surged to record levels in 2024, while imports from Saudi Arabia declined. Accordi

Russia will facilitate Vietnam’s participation in the BRICS bloc of developing economies as a “partner country.”

The agreement is focused more on trade than military issues, but it will bring two countries with a shared desire to challenge the West closer together.

Russian President Vladimir Putin held a video call with Chinese President Xi Jinping on Tuesday just hours after Donald Trump was sworn in.

The rich oil state has built a team of silver-tongued U.N. negotiators with a simple mandate: keep plastic production growing.

China's crude oil imports from Russia increased by 1% in 2024, setting a new record compared with 2023. The rise in imports reflects China's preference for discounted Russian supplies amid weakened refining margins, reported Reuters.

The price of crude oil jumped to $80 a barrel last week, and that’s pushing pump prices higher in 45 states, including Oregon, AAA Oregon/Idaho reported Tuesday. Global oil prices have soared on concerns of tighter supplies,