Sharon Cho

China's rapidly expanding petrochemicals industry is making life increasingly difficult for producers in Asia's next-biggest exporter of the building blocks for making plastics.

China’s rapidly expanding petrochemicals industry is making life increasingly difficult for producers in Asia’s next-biggest exporter of the building blocks for making plastics.

Reliance Industries Ltd. offered US oil to other buyers in Asia last week, surprising the market as it's unusual for refiners to try and resell crude within weeks of buying it.

Oil that's more sulfurous and dense is gaining popularity in the Asian physical market in a rare shift away from the usual pattern as global crude flows change and rewards from refining move in its favor.

(Bloomberg) -- Oil that’s more sulfurous and dense is gaining popularity in the Asian physical market in a rare shift away from the usual pattern as global crude flows change and rewards from refining move in its favor.Most Read from BloombergTrump Has Only $6.8 Million for Legal Fees With Trial UnderwayTikTok to Remove Executive Tasked With Fending Off US ClaimsChina Is Front and Center of Gold’s Record-Breaking RallyTesla Spends Weekend Cutting Prices of Cars and FSD SoftwareThe Fed’s Forecast

A vessel owned by sanctioned Russian tanker giant PJSC Sovcomflot is heading to India, a signal that flows using the state-owned company's fleet to the key Asian market may be resuming after a pause.

Indian Oil Corp. resumed buying Russian crude oil delivered on a tanker owned by Sovcomflot PJSC this week, paving the way for a restoration of oil flows between Russia and India, after tightened US penalties had disrupted shipments.

Indian Oil Corp. resumed buying Russian crude oil delivered on a tanker owned by Sovcomflot PJSC this week, paving the way for a restoration of oil flows between Russia and India, after tightened US penalties had disrupted shipments.

OPEC+ is expected to prolong oil output cuts into the second half of the year as it seeks to stave off a global surplus and shore up prices.