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

The prompt Brent crude futures contract on Thursday returned to trading at a premium to the six-month contract after new U.S.

Oil prices extended gains after settlement on Wednesday after the U.S. imposed Ukraine-related sanctions on Russia, targeting ...

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

Hungarian Prime Minister Viktor Orbán has said that his country is working on finding a way to bypass US sanctions imposed on ...

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

President Trump announced that he was imposing sanctions on Russia for the first time in his second term, underscoring his ...

India’s crude oil imports rose in September, but Russian supplies are declining amid new U.S. sanctions, pushing India toward ...

After the US sanctioned Russian oil giants that supply over 60% of India's crude oil imports, regulators and major refineries ...

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

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 ...