U.S. decision to sanction Russia's two largest oil companies threatens to disrupt the energy lifeline of India and China, ...

A parallel market for the oil of sanctioned countries will adjust to the latest U.S. restrictions.

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

Oil prices edged up on Friday, extending the previous day's surge and on track for a weekly gain as U.S. sanctions on ...

The Trump administration imposed sanctions after plans to hold a second summit on ending the war in Ukraine were abandoned ...

The US government jolted energy markets when it sanctioned Russia’s two biggest crude oil producers on Oct. 22. All eyes are now on how the sanctions will affect the supply and price of petroleum ...

Treasury Secretary Scott Bessent has announced new sanctions against Russia's two biggest oil companies and blasted Moscow's ...

The United States is prepared to supply European countries with "as much gas and oil as is needed" to replace Europe's ...

Oil prices eased on Monday amid concerns of looming oversupply, despite last week's rally spurred by sanctions on Russian oil ...

The U.S. is increasing pressure on Hungary to reduce its reliance on Russian oil imports and is working with Hungarian ...

Data shows more than a third of oil tankers from Russia's 'shadow fleet' sanctioned in June are supplying Australian ...

US and EU sanctions on Russia's largest oil companies this week has left refineries in China and India assessing their ...