Chinese state-controlled refining giant Sinopec has resumed buying Russian crude oil after a temporary halt due to concerns ...

Russia's Economic Development Ministry downgraded its 2025 forecast for Urals crude, Russia's major oil export brand, to $56 ...

The share of OPEC oil in India's imports fell to a record low in fiscal year 2024-25 as refiners continued to gorge on ...

Turkey's largest oil refiner Tupras has returned to buying Russian Urals crude cargoes, after it stopped doing so earlier ...

Russias economy ministry has revised its 2025 Brent crude oil forecast down by nearly 17%, now projecting an average price of ...

Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews. The Czech Republic has ended its 60-year-long dependence on Russian oil ...

Global oil prices have tumbled since President Donald Trump's tariff announcement. Urals crude fell to $47.50 a barrel last week, the lowest level for almost two years. Russia may offset lower oil ...

In 2022, the G7 nations, Australia and the European Union implemented a price cap of $60 a barrel on Russian crude oil to limit how much Moscow can make from its crude oil exports. The EU is a ...

The Czech Republic has declared itself fully independent of Russian oil supplies in a further blow to Russia's beleaguered economy. Czech government officials said it was the first time in its ...

May WTI crude oil (CLK25) today is up +1.83 (+2.64%), and May RBOB gasoline (RBK25) is up +0.0380 (+1.69%). Crude oil and gasoline prices today are sharply higher, with crude posting a 5-week high ...