Oil - Page 3

Chinese Navy Pays Rare Five-Day Visit to Nigeria

A fleet of Chinese warships made port in Nigeria on Sunday for a five-day visit, a rare show of Chinese naval strength in West Africa hailed by China’s ambassador as a “major event in the relations” between the two countries, and between China and Africa at large.

Major General Su Yingsheng's Chinese navy training ship ''Qi Juguang'' is greeted by membe

Saudi Arabia Announces Solo Oil Production Cut After OPEC+ Meeting

Saudi Arabia announced a million-barrel-per-day (bpd) oil production cut on Sunday that would begin in July, a policy change following a meeting of the OPEC+ oil cartel in which several members failed to meet their production quotas and one, the United Arab Emirates (UAE), announced a production increase.

Abdulaziz bin Salman, Saudi Arabia's energy minister, center, speaks during a news co

China and India Received Record Amounts of Russian Crude in May

Data from two top ship tracking firms revealed that shipments of Russian crude oil to China and India, Russia’s top two buyers, rose by ten percent in May to hit record levels despite the Biden administration’s pleas to cut down on Moscow’s prodigious income stream by respecting sanctions and price caps.

The tanker Sun Arrows loads its cargo of liquefied natural gas from the Sakhalin-2 project

China Plays Both Sides in Sudan Conflict, Hoping to Swoop in with Investments Later

Voice of America News (VOA) reported on Tuesday that while the international community is nervously monitoring the brutal war between factions of the Sudanese junta and scrambling to deal with the ensuing humanitarian disaster, Communist China is moving full speed ahead with plans to “advance its own interests” in Sudan’s oil and mineral resources.

Xi Jinping

Nigeria Claims to Shut Down Nearly 300 Illegal Oil Refineries

The Premium Times of Nigeria on Tuesday published an update from the Nigerian government on its war against oil poachers. According to the Eastern Command of the Nigerian Navy, 27 smuggling vessels were captured over the past year, and 294 illegal refineries were located and shut down.

A view of an illegal oil refinery destroyed by members of the NNS Pathfinder of the Nigeri