Oil futures were slightly lower early Friday, but on track for a fourth straight week of gains after wider sanctions against Russia’s energy industry tightened supply.

Oil prices edged higher on Friday and were heading for a weekly gain on supply concerns, as the US imposes new sanctions on ...

Russia's seaborne oil product exports fell by 9.1% to 113.7 million metric tons last year as the country's oil refineries ...

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

On January 10, the outgoing U.S. Administration imposed the most aggressive sanctions on Russia’s oil yet, designating two major Russian oil companies, Gazprom Neft and Surgutneftegas, as well as 183 ...

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 ...

Russia's vast Arctic oil business is facing major disruption from U.S. sanctions on its tankers and depots, stranding crude ...