China's crude oil imports from top supplier Russia were up 1% in 2024 to a record high versus 2023, while purchases from Saudi Arabia dropped 9%, data showed on Monday, as refiners chased discounted Russian supplies to cope with weakened margins.

Saudi Arabian Crown Prince Mohammed bin Salman told President Donald Trump that the kingdom wants to put $600 billion into expanded investment and trade with the United States over the next four years, the Saudi State news agency said early on Thursday.

As Indian companies begin talks with Saudi Arabia and Abu Dhabi this week, traders say discussions between refiners and the OPEC producers will be tense

US President Donald Trump reveals his plans to swiftly end the Russia-Ukraine war, pledging to resolve the conflict quickly. He claims that if he were President, the war would never have started. Trump's foreign policy also includes predictions on Saudi Arabia joining the Abraham Accords for Israel normalisation.

Crown Prince Mohammed bin Salman spoke with President Trump, who has warned of retaliation against governments he sees as acting against U.S. interests.

China’s crude oil imports from its largest supplier, Russia, surged to record levels in 2024, while imports from Saudi Arabia declined. Accordi

China's crude oil imports from Russia hit a record high in 2024, while imports from Saudi Arabia declined, reflecting a shift in China's sourcing strategy amid geopolitical tensions and sanctions.

The agreement is focused more on trade than military issues, but it will bring two countries with a shared desire to challenge the West closer together.

The rich oil state has built a team of silver-tongued U.N. negotiators with a simple mandate: keep plastic production growing.

China's crude oil imports from Russia increased by 1% in 2024, setting a new record compared with 2023. The rise in imports reflects China's preference for discounted Russian supplies amid weakened refining margins, reported Reuters.

Saudi Arabia is looking for mining deals in a push to secure supplies of critical minerals for its industrialization plan, just as a wave of attempted consolidation sweeps the sector.

Indian oil refiners are urgently seeking alternatives to Russian crude, affected by recent Washington sanctions. They are turning to the spot market and engaging in discussions with Middle Eastern producers to secure long-term supplies.