Oil

Russia has become increasingly critically dependent on Beijing. Even state-owned refiners in India are being pressured by Russian oil suppliers to pay in yuan. Photo: Bloomberg
Panorama

The yuan is finally showing some muscle in international trade

Beijing’s long-held ambition to throw off the yoke of the US currency is starting to show results

A pumpjack is seen at the Sinopec-operated Shengli oil field in Dongying, Shandong province, China January 12, 2017. Picture taken January 12, 2017. REUTERS/Chen Aizhu/File Photo
Global Economy

Climate campaigners slam OPEC bid to thwart oil phase-out

OPEC push on fossil fuels draws ire at climate talks
Global Economy

OPEC push on fossil fuels draws ire at climate talks

Filed photo of a gas field. Photo: Bloomberg
World+Biz

Oil heads for seven-week decline for first time in five years

Russian President Vladimir Putin is welcomed by Minister of Foreign Affairs of the United Arab Emirates Sheikh Abdullah bin Zayed bin Sultan Al Nahyan upon arrival at the Abu Dhabi International Airport, United Arab Emirates December 6, 2023. Sputnik/Andrey Gordeev/Pool via REUTERS
World+Biz

Putin, flanked by Russian fighters, jets into Middle East to meet Saudi's MbS

The clock on Spasskaya tower showing the time at noon, is pictured next to Moscow?s Kremlin, and St. Basil?s Cathedral, March 31, 2020. REUTERS/Maxim Shemetov
Global Economy

Kremlin says OPEC+ output cuts will kick in later, confirms Putin to visit Gulf

Oil holds losses as market fails to shake off post-Opec gloom
Bloomberg Special

Oil holds losses as market fails to shake off post-Opec gloom

General view of oil tanks and the Bayway Refinery of Phillips 66 in Linden, New Jersey, U.S., March 30, 2020. REUTERS/Mike Segar/File Photo
World+Biz

Record US oil output challenges Saudi mastery

Colombia's President Gustavo Petro, Tuvalu's Prime Minister Kausea Natano, Vanuatu's Climate Minister Ralph Regenvanu, Antigua and Barbuda's Prime Minister Gaston Alphonso Browne, and Palau's Minister of Agriculture, Fisheries and Environment Steven Victor attend an event, as a group of nation-states will be announcing their intention to seek a negotiating mandate for a Fossil Fuel Non-Proliferation Treaty, during the United Nations Climate Change Conference COP28 in Dubai, United Arab Emirates, December 2, 2023. REUTERS/Thaier Al-Sudani
World+Biz

COP28: US touts climate leadership as oil and gas output hits record

Fuga Bluemarine crude oil tanker lies at anchor near the terminal Kozmino in Nakhodka Bay near the port city of Nakhodka, Russia, 4 December 2022. Photo: REUTERS
World+Biz

Russia plans to raise key diesel exports

Flames emerge from flare stacks at Nahr Bin Umar oil field, north of Basra, Iraq March 9, 2020. REUTERS/File Photo
World+Biz

OPEC+ agrees to deepen voluntary oil output cuts

Gulf countries are planning some of the biggest solar projects in the world. Saudi Arabia’s $500 billion Neom project will have its own solar-fueled green hydrogen plant. Photo: Picture Alliance / DW
Panorama

How the Gulf region is planning for a life after oil

Yang Mei Hu oil products tanker owned by COSCO Shipping gets moored at the crude oil terminal Kozmino on the shore of Nakhodka Bay near the port city of Nakhodka, Russia June 13, 2022. REUTERS
World+Biz

Currency clashes sour Russia's oil trade with Asia