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 ...

OPEC forecast another year of steady oil demand growth, driven by India and China, in its first detailed assessment of 2026.

US sanctions targeting Russia’s fossil fuel industry could significantly disrupt the country’s oil supply and distribution ...

The Russian government relies mainly on profits from the export of raw materials, particularly oil, making sanctions against ...

MOSCOW, January 15. /TASS/. Kremlin spokesman Dmitry Peskov has not ruled out that Moscow will respond tit for tat to Washington's sanctions against the Russian fuel and energy sector. "Nothing can be ...

The Russian economy has been financing a full-scale war against Ukraine for three years. Military spending has spun up the ...

New US sanctions on Russia and Iran's oil trade may disrupt logistics but a global oil surplus is still expected due to ...

President Trump has recently expressed a desire to expand American territory to include Greenland, the Panama Canal, and even ...

Russia is willing to help develop Vietnam's nuclear power sector and provide it with crude oil and LNG, the two countries ...

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

Stratas Advisors noted in the report that it expects that there is still some room for oil prices to move higher this week ...

In these final actions of his presidency, Biden is asserting his domestic and foreign-policy principles before Trump takes ...