Top Indian refiners are using the UAE’s currency instead of the US dollar to buy Russian crude, report says
Getty Images Top Indian refiners are moving away from the US dollar in favor of the UAE's dirham, sources told…
China’s oil imports hit 5-month high after Beijing lets refiners resell more to help the economy
China's oil imports hit a five-month high in October after Beijing allowed refiners to resell more abroad in a bid…
China’s oil imports from Russia surge 22% as refiners step up their purchases of the cheap supplies
Russia came in second place to Saudi Arabia as China's top crude supplier. (Photo by Yao Feng/VCG via Getty Images)…
Oil refiners in Asia’s economic powerhouses aren’t snapping up extra crude even with prices below $100 a barrel as inflation bites
A few factors are at play over waning Asian demand for crude. Pramote Polyamate/Getty Images Even though oil prices have…