Oil prices rose on Thursday, lifted by expected cuts in Russian gasoline supply and optimism over U.S. trade negotiations ...

The price of Russia's Urals crude oil remained $2 per barrel below the $60 per barrel limit imposed by Western nations amid weak Brent prices, Reuters calculations based on traders' data showed on ...

Fossil fuel revenues form the backbone of Russia's economy, which has been buffeted by sanctions following Vladimir Putin's ...

Oil prices settled slightly lower on Monday as the latest European sanctions on Russian oil were expected to have minimal ...

The price ceiling on Russian oil approved by the EU will be reviewed every three months. It can either increase or decrease ...

Oil prices are rising on renewed U.S.-EU trade optimism, tighter global fuel inventories, and expectations of Russian export ...

US President Donald Trump is trying again to end the war in Ukraine – not by targeting Russia, but by hitting the countries ...

Without stronger enforcement, including naval oversight and EU unity, sanctions risk being symbolic rather than impactful.

Last week, the European Union agreed on its 18th package of sanctions against Russia, which included a ban on the import of refined oil products derived from Russian crude. Whether this bolsters calls ...

Fundamentals — supply and demand — took control of oil markets this week.

European Union states have approved a fresh sanctions package on Russia over its war against Ukraine, which includes a ...

Industry insiders said that the likely impact of the EU actions is not clear yet, and clarity is likely only when details of ...