oil trade

At least four Asian refiners bought US crude this week as the blocked Strait of Hormuz forced them to secure alternative supplies beyond the Gulf.

Russian crude made up a record 50.83 percent of India’s oil imports in July, or 2.47 million bpd, even as US tariff threats loom.

Uganda has decided to import its oil through Tanzania instead of Kenya, following a long-standing dispute over a government-to-government fuel deal. The move could cost Kenya millions of dollars in …