Oil

The country’s economy is weak due to its dependency on energy exports, the top EU diplomat has claimed © Getty Images…

The country’s economy is weak due to its dependency on energy exports, the top EU diplomat has said © Getty Images…

The world’s second-largest oil exporter had previously announced a production cut of 500,000 barrels per day © Getty Images / Vladimirovic…

Output now exceeds three million barrels a day, statistics show © Getty Images / curraheeshutter Iranian oil output has increased by…

Beijing has bolstered its oil inventories from Russia to the highest level in three years ©  AFP/CHUNYIP WONG China has…

Tokyo will suggest the idea to the International Energy Agency, the outlet has said   ©  Getty Images / arcady_31…

Crude flows reached an all-time high last month, customs data has shown ©  CHUNYIP WONG China’s imports of Russian crude…

The Northern Sea Route cuts transportation times to Asia’s biggest economy by 30% Arctic shuttle tanker Kirill Lavrov in Kola…

Moscow and Riyadh both announced additional production reductions on Monday Saudi Energy Minister Prince Abdulaziz bin Salman. ©  Ian Forsyth/Getty…

Moscow and Riyadh both announced additional production reductions on Monday Saudi Energy Minister Prince Abdulaziz bin Salman. ©  Ian Forsyth/Getty…