Following Russia's invasion of Ukraine in 2022, India became a major buyer of Russian crude oil that was widely sanctioned by ...

Libya needs between $3 billion and $4 billion to reach an oil production rate of 1.6 million barrels per day (bpd), the ...

Oil prices settled lower on Friday but notched their fourth straight weekly gain, as the latest U.S. sanctions on Russian ...

"I will be 100% on board with taking sanctions up," Treasury Secretary-pick Scott Bessent told lawmakers on Thursday.

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

The British oil giant told employees in a memo Thursday that it would slash around 4,700 jobs this year. The company also ...

Donald Trump is heading back to the White House, promising to turbocharge American fossil fuels by slashing red tape.

Despite the risk of a correction, the combination of U.S. sanctions, inventory draws, and cautious OPEC+ policies supports a ...

U.S. crude oil inventories fell for an eighth consecutive week amid declines in imports and domestic production, while ...

Oil futures pull back from five-month highs reached on supply concerns around U.S. sanctions and winter heating fuel demand. "Crude oil finally caved under pressure from an overbought RSI," Mizuho's ...

US drivers could see lower gas prices this year and next as oil supply outpaces demand. The US will continue to ramp up ...

The Biden administration advanced a plan to limit oil drilling and infrastructure across more of Alaska’s National Petroleum ...