The European Union's 19th package of sanctions against Russia will list four companies involved in China's oil industry that circumvent Western restrictions, EU diplomatic sources said on Wednesday.

The European Union’s 19th package of sanctions against Russia will list four companies involved in China’s oil industry that circumvent Western restrictions, EU diplomatic sources said on Wednesday.

Crude oil futures posted a third consecutive weekly loss as increased oversupply concerns and further tariff sparring between the US and China sent prices to their lowest in five months.

Russia is set to deliver around 750,000 barrels, or 100,000 metric tons, of a mix of Arctic heavy ARCO oil and gas condensate, a type of light oil, to Syria's Banias port, traders said and LSEG data showed.

Bjarne Caesar Skinnerup works as a maritime pilot in the straits of Denmark. That means he’s used to seeing oil tankers. But after the start of the war in Ukraine, the tankers started getting weird. They were flying flags he’d never seen before.

The United States is prepared to supply European countries with "as much gas and oil as is needed" to replace Europe's dependence on Russian energy imports, President Volodymyr Zelensky claimed in his evening address on Oct.

The shadow fleet of unmarked tankers evading international sanctions to deliver Russian crude to India and China is straining trade talks.

The share of India’s oil imports from Russia has risen significantly from 2% in 2022 to 35% now - and figures released by data and analytics firm Kpler show that in volume terms purchases have remained largely steady throughout this year.