Arabian Gulf Business Insight on MSN

Oil demand strong before Russia sanctions, says Aramco CEO

The CEO of Saudi state oil giant Aramco has said crude oil demand was strong even before sanctions were imposed on major Russian oil firms Rosneft and Lukoil, and that Chinese demand was still healthy ...

Lakshmi Mittal’s energy venture buys Russian oil shipped via US-blacklisted vessels: Report

Steel tycoon Lakshmi Mittal’s energy joint venture has purchased Russian oil transported on vessels under U.S. sanctions, ...