More than a decade ago, Angola was China’s No 2 source of crude oil. But it has been bumped down the list as Beijing increasingly turns to the Arab states of the Gulf Cooperation Council, Russia, and ...

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7.4 billion barrels of Murban crude oil have traded as Murban futures since launch

(NYSE:ICE), today announced record trading activity in Murban crude during the second quarter of 2024.ICE Futures Abu Dhabi (IFAD) and ICE’s Murban futures market launched in Abu Dhabi in March 2021 ...

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The world’s largest oil importer flashes a warning about demand and crude prices

The number of supertankers headed for China dropped to the lowest in almost two years, adding to recent concerns about demand in the largest oil importer during the second ... potentially providing a ...

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Crude Oil Theft: Why govt can’t stop Lagos, Abuja cartel — PANDEF, N-Delta leaders, activists

LEADERS and activists in the South-South region said the massive networks of the “big players”, who steal the nation’s crude oil in politics, and the oil industry have made the government, which ...

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Saudi Arabia's oil exports plunge as it surrenders market share to Russia, UAE

In April, China bought 48 percent of Russia’s crude exports, followed by India at 35 percent. Iran has also massively increased oil shipments to Asia in defiance of US sanctions.

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