Sanctions on oil-exporting countries could push up crude prices but the effect will be limited because of surplus capacity, ...

Oil prices slipped around $1 a barrel on Tuesday and were on track for a third straight day of declines as investors ...

Oil prices edged lower on Monday, falling over 1% earlier in the session as they were pressured by scepticism that a U.S. and ...

New Delhi can now comfortably frame its diversification as a response to global sanctions rather than depicting it as a ...

Oil prices slipped on Tuesday, extending falls from the two previous sessions, as pressure from plans by OPEC to boost output ...

The price of a key Russian oil grade has plunged after Western sanctions prompted Chinese refiners to cancel some purchases.

Petrofac has entered administration after losing a major Dutch contract, threatening thousands of jobs and reigniting debate over the future of the UK’s North Sea energy industry.

The month of October is expected to close with nearly 575,000 barrels per day (bpd) of oil imports from the US, while ...

To free up cash, the oil giants have been cutting costs. Exxon recently announced it would reduce its workforce by 3-4%.

Indian refiners have suspended new Russian crude orders amid tightening U.S. sanctions, awaiting government guidance on how ...

Oil prices edged lower Tuesday as OPEC's plan to raise output offset optimism about a potential U.S.–China trade deal, while ...

Oil prices fell on Tuesday, marking their third day of declines as an OPEC+ plan to raise output outweighed optimism about a ...