Russian energy minister Anton Rubtsov told state media about how current taxation on Russian oil hurts production.

US President Donald Trump has suggested he could impose harsh new sanctions on Russia if he runs out of patience with the ...

Republican Senator Lindsey Graham, a close ally of President Donald Trump, said he aims to have new sanctions imposed on Russia before the Group of Seven summit in late June.

The Russian oil company Lukoil, which earned nearly €100 billion ($113 billion) last year, is circumventing European Union ...

I would expect next week that the Senate will start moving the sanctions bill,” said Graham, an ally of President Trump but ...

The possible lifting of U.S. sanctions on Iran's oil exports could deal a fatal blow to independent Chinese refineries that ...

Crude oil futures rise as Ukraine launches drone attacks on Russian airbases, impacting oil market and geopolitical tensions.

OPEC+ agreed to another large supply hike over the weekend, increasing it by 411k b/d effective July. The increase is similar ...

Brent crude oil price crashed on Friday amid rising trade tensions, and the downtrend may continue after the latest OPEC+ ...

The European Union and U.K. have imposed fresh sanctions on Russia, notably targeting almost scores of ships from the shadow ...

The Trump administration will let energy giant Chevron keep its key infrastructure in Venezuela — but is standing firm on barring the Houston-based company from importing oil ...

Britain and the European Union have imposed sweeping sanctions targeting Russia, particularly its shadow fleet of oil tankers ...