Oil

Saudi Oil Giant Aramco to Build Refinery in China

Saudi Arabia’s state oil company Aramco announced on Sunday that it has signed a deal with Chinese analog China Petroleum and Chemical Corporation (Sinopec) to build an oil refinery in southeast Fujian province, helping secure a stable and affordable supply of gasoline and other fuels in China.

In this photo made available by Saudi Press Agency, SPA, Saudi Crown Prince and Prime Minister Mohammed bin Salman, right, greets Chinese President Xi Jinping, during the Gulf Cooperation Council (GCC) Summit, in Riyadh, Saudi Arabia, Friday, Dec. 9, 2022. Gulf Arab leaders and others in the Mideast met Friday …

Report: Russia Becomes India’s Top Oil Supplier

Cargo data cited by The Hindu on Sunday showed Russia has become the top supplier of oil to India, with deliveries accounting for 22 percent of India’s total crude imports, vaulting past Iran with just over 20 percent and Saudi Arabia with 16 percent.

A worker stacks oil barrels at a filling station in n Chennai on February 24, 2022. (Photo by ARUN SANKAR/AFP via Getty Images)