crude importer

China launches first ever yuan-denominated oil futures contract; posts more than 6% jump

China launched its first ever yuan-denominated oil futures contract in Shanghai on Monday, marking the first time foreign investors will have access to Chinese commodity futures as the world`s top crude importer seeks greater influence over global prices.

Mar 26, 2018, 08:53 AM IST

Nigeria says India now its largest crude importer

Oil-rich Nigeria said Thursday that India has replaced the United States as its largest crude importer, accounting for more than a quarter of its daily output.

Jun 19, 2014, 22:13 PM IST