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

Oil prices shot up Wednesday by more than 3% on fears of low US stockpiles and the lingering effect of US sanctions on Russia ...

Oil shipping rates extended their rally on expectations of a tightening in global tanker supply from wider U.S. sanctions on ...

US last week imposed its broadest package of sanctions so far targeting Russia’s oil producers. Read more at straitstimes.com ...

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

The price of WTI crude oil approached $80, marking a five-month high, and lifted ETFs holding oil and energy stocks in the process.

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 ...

Oil edged higher in the early Asian trade as supply-side pressures from U.S. sanctions against Russia’s oil industry likely supported prices, Exness said.

US sanctions on Russian oil tankers and companies are driving up demand for Middle Eastern oil and causing a surge in global tanker freight rates.

These measures have halted crude oil deliveries to Asian buyers, leading to logistical challenges and growing stockpiles, ...

Even so, the outlook from the IEA still suggests the oil market will be in surplus this year as supply growth led by ...

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