Major Chinese state oil companies have reportedly stopped imports of Russian crude oil in response to US sanctions. But ...

Nomura cautioned that since India is one of the world’s largest crude oil consumers, its attempt to source the shortfall from ...

The European Union (EU) has imposed fresh sanctions against Russia, targeting its energy, finance, and military industrial base to put pressure on Moscow to end its war in Ukraine.

Important state and national stories, market and business news, sports and entertainment, delivered in quick-hit fashion ...

Washington is hoping the move will squeeze Moscow’s finances and pressure it to end its over three-year-long invasion of ...

The US and Europe are finally getting serious about degrading Russia’s oil sector. On Wednesday, President Donald Trump ...

Oil prices received a jolt higher this week after the Trump administration announced sanctions on Russian oil producers, ...

The United States and its allies have sanctioned Russia’s largest oil companies in an effort to choke off funding for the ...

Trump departs on Friday for Malaysia and the Association of Southeast Asian Nations leaders summit before traveling to Japan on Monday.

It was, perhaps, the costliest phone call in history. When Sergei Lavrov, the Russian foreign minister, told his American ...

US sanctions on Russian oil giants Rosneft and Lukoil are shaking up the global market, leading to surging oil prices and a ...