"I will be 100% on board with taking sanctions up," Treasury Secretary-pick Scott Bessent told lawmakers on Thursday.

Russia's oil shipments via the Baltic Sea fell by roughly 10% in the last four months of 2024, the Finnish Border Guard said, ...

The wide-ranging sanctions imposed by the U.S. on the Russian oil sector have started to dent near-term oil flows to India ...

The oligarch Vagit Alekperov is Russia's official richest man after being behind the country's biggest oil company.

Following Russia's invasion of Ukraine in 2022, India became a major buyer of Russian crude oil that was widely sanctioned by ...

A Ukrainian drone attack ignited a massive fire at an oil depot in Russia 's Smolensk region early Tuesday, authorities ...

Russian seaborne oil product exports fell by almost 10% in 2024 after Ukrainian drone attacks damaged major refineries and as ...

China's crude oil surplus grew significantly in 2024 due to stockpiling of discounted Russian oil, potentially mitigating the ...

An oil tanker sanctioned in Washington’s harshest round of curbs against Russia’s energy industry has become the first such ...

Russia's seaborne exports of refined oil products fell by 9.1% in 2024 due to drone attacks on refineries, export bans, and ...

Oil steadied near $79 after an industry report pointed to the first gain in US crude stockpiles since mid-November, while the market watched for further pledges on global trade from President Donald ...

Scott Bessent, President-elect Donald Trump’s nominee for Treasury secretary, said he would support dialing up sanctions on ...