Oil futures settled lower on Friday, but scored a fourth straight week of gains after wider sanctions against Russia’s energy ...

A week after the US launched massive sanctions against Russia’s oil industry, SLB chief executive Olivier Le Peuch said his company’s revenue in the country “continues to decline” after it began ...

Russia's seaborne exports of petroleum products declined by 9.1% to 113.7 million metric tons in 2024, reflecting mounting ...

Russia's seaborne exports of refined oil products fell by 9.1% in 2024 due to drone attacks on refineries, export bans, and ...

Dmitry Peskov remarked that "it would be strange if Bessent, as a minister, did not support his president’s decision" ...

India is now staring at the possibility of an oil shock after the U.S. decided to implement sweeping sanctions on Russia’s ...

Trump’s interior secretary nominee Doug Burgum emphasizes fossil fuel development for energy dominance and questions renewable energy reliability ...

Oil prices shot up Wednesday by more than 3% on fears of low US stockpiles and the lingering effect of US sanctions on Russia ...

A diesel hydrotreating unit at a refinery of Russian oil major company Lukoil in the city of Volgograd caught fire on Wednesday morning, two oil industry sources told Reuters. Another source said the ...

Norway's Energy Ministry awarded 53 hydrocarbon production leases on the country's continental shelf under last year's ...

US sanctions on Russian oil tankers and companies are driving up demand for Middle Eastern oil and causing a surge in global ...

Energy producers have rushed to lock in oil prices since the United States announced its harshest sanctions yet on Russian ...