Oil prices spiked Thursday after the U.S. announced massive new sanctions on Russia’s oil industry in an attempt to get ...

NEW YORK (Reuters) -Oil prices fell more than 1% on Wednesday, settling at two-week lows on pressure from concerns of a possible global oil glut, but data showing signs of strong U.S. demand for fuel ...

Several Chinese refiners have begun avoiding purchases of Russian crude oil after the U.S. and others imposed major sanctions ...

Crude oil futures fell, with a large weekly increase in US crude inventories adding to downside pressure in a market already concerned about weaker demand and oversupply.

The world's oil supply is largely expected to enter an extreme glut in 2026. Just how big that overhang will be is ...

Oil prices have fallen sharply this year as the global supply has remained strong and demand has been slow to grow.

America's oil potential remains largely untapped as Chevron CEO reveals new technologies that could revolutionize energy ...

Talking to American business news channel CNBC, London-based energy markets ... RIL, which alone accounts for nearly half of ...

U.S. President Donald Trump on Wednesday imposed Ukraine-related sanctions on Russia for the first time in his second term, ...

Lukoil said Thursday it had accepted an offer from global commodity trader Gunvor to buy its foreign assets, which Russia’s second-largest oil company is seeking to sell after Washington imposed ...

The U.S. Army Corps of Engineers has approved energy company Enbridge's plan to encase a segment of an aging oil pipeline ...