Chinese-built supertankers transporting oil into the United States could be forced to pay fees of up to $5.2 million per each port call, according to new guidelines announced by the Trump ...

Crude oil prices fell on Thursday as investors awaited fresh data on production and reserves out of the U.S. Price moves. West Texas Intermediate crude CL00 for February delivery CL.1 CLG25 shed ...

CNOOC has discovered a new oil field, Huizhou 19-6, in the South China Sea, estimated to contain over 100 million tons of crude oil, as China seeks to boost domestic energy production.

Chinese refiners are looking for alternative supplies to U.S. crude oil after the Chinese government slapped tariffs on U.S. crude in retaliation for Trump’s additional 10% import tax rate on ...

Russian Prime Minister Mikhail Mishustin is welcomed by Iranian Oil Minister Mohsen Paknejad, left, upon arrival at the Mehrabad International Airport in Tehran, Iran, Monday, Sept. 30, 2024.

December WTI crude oil (CLZ24) today is down -2.14 (-2.96%), and December RBOB gasoline (RBZ24) is down -0.0459 (-2.24%). Crude oil and gasoline prices today are under pressure after Chinese ...

China accounted for 60 percent of global oil demand growth between 2013 and 2023. That rapid growth now appears to be over. Total Chinese oil demand continued to grow in 2024, supported by higher ...

The Treasury Department sanctioned a Chinese refinery and three port operators for dealing with Iranian oil in violation of U.S. policy. Hotspots ranked Start the day smarter ☀️ Funniest cap ...

April 16 (UPI) --The U.S Treasury Department on Wednesday announced sanctions on a Chinese refinery for allegedly importing more than a billion dollars in Iranian oil. The Treasury sanctioned ...