Advisers to U.S. President-elect Donald Trump are developing a comprehensive sanctions strategy aimed at facilitating a ...

The refinery, among Russia’s top 10 by production, processes 13.7 million tons of oil annually. The shutdown has cut its diesel production by half – roughly 10,000 tons per day.

On Jan. 10, the U.S. Treasury announced fresh measures to deplete Russia's energy revenues, including on 183 vessels, largely ...

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 ...

Administrations can only do so much when it comes to global supply and demand dynamics, and there is probably going to be ...

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

The latest U.S. action means an estimated 35% of some 669 shadow fleet tankers involved in shipping Russian, Venezuelan and ...

Southern California's Edison International owes its survival to luck, at least in part.

A fresh wave of U.S. sanctions against Russia’s oil industry threatened to disrupt global supplies, sending crude prices to ...

Oil slipped in early Asian trade. Prices had recently extended their gains as traders fretted over tightened supplies after the U.S. imposed sanctions on Russia’s energy industry, ANZ Research said.