CDN and International News

China’s crude oil imports from top supplier Russia fell 0.7% year-on-year in December to 9.33 million metric tons, or 2.2 million barrels per day, but hit the highest level for 2025. Imports from Malaysia, the largest trans-shipment hub for sanctioned Iranian oil, fell 37.9% to 4.14 million tons, or 0.97 million bpd. Imports from Indonesia …

China’s December Crude Imports From UAE, Brazil, Canada Hit Record Highs Read More »

(Reuters) – Venezuela’s interim president Delcy Rodriguez said on Tuesday that the country has received $300 million from oil sales, the first proceeds from U.S. President Donald Trump’s announced 50-million-barrel oil supply deal with Caracas, following the capture of President Nicolas Maduro earlier this month. Trump said separately on Tuesday his country had taken the …

Venezuela Has Received $300 Million in Funds From Oil Sales, Acting President Says Read More »

(Reuters) – Oil production at Kazakhstan’s vast Tengiz oil field, one of the world’s largest, could be halted for another 7-10 days after shutting down on Sunday, cutting crude exports via the Caspian Pipeline Consortium, three industry sources told Reuters. The field’s operator Tengizchevroil (TCO) said on Monday that due to power supply problems, production …

Kazakhstan’s Tengiz Oil Field to Stay Shut for Another 7-10 Days, Sources Say Read More »

  Four Venezuelan banks were notified this week by the country’s government that they will split $300 million of oil revenues deposited in an account in Qatar, enabling them to sell dollars to Venezuelan companies that need foreign exchange to pay for materials, two financial sources and an analyst said. The injection of foreign capital …

Venezuelan Banks Sill get $300 million of Oil Money to Sell on Exchange Market Read More »

(Reuters) – Russia’s federal budget revenues from oil and gas dropped by 24% in 2025 to the lowest level since 2020, according to Finance Ministry data, as oil prices fell while the rouble appreciated. Oil and gas revenue is the leading source of cash for the Kremlin, making up a quarter of federal budget proceeds …

Russia’s Oil and Gas Budget Revenue Falls 24% to Lowest Since 2020 Read More »