Friday, August 28, 2026
China’s oil imports surge as Middle East flows hit new highs- oil and gas 360

China’s oil imports surge as Middle East flows hit new highs

(Oil Price)– China’s crude oil imports last month remained elevated, with purchases from some countries hitting all-time highs, according to customs data cited by Reuters. Imports from the UAE, for instance, rose from 2.05 tons a year ago to 3.82 million tons last month, while purchases from Kuwait went up from 970,000 tons to 2.36 million tons, the data showed. Imports

U.S. sanctions push Indian refiners away from Russian crude- oil and gas 360

U.S. sanctions push Indian refiners away from Russian crude

(Oil Price)– All but two Indian refiners have skipped placing orders for Russian crude for December after the U.S. sanctioned Russia’s top oil producers, Rosneft and Lukoil, sources with knowledge of the purchases told Bloomberg on Tuesday. India’s refiners, which have come to rely on cheap Russian crude in the past three years, have withdrawn from the December purchasing window which