Oil

The Biden administration plans to impose more sanctions on Russia over its war on Ukraine, taking aim at its oil revenues with action against tankers carrying

President Joe Biden is set to order a ban on new offshore oil and gas development across some 625 million acres of US coastal territory, ruling out the sale of

President Joe Biden is preparing to issue a decree permanently banning new offshore oil and gas development in some US coastal waters, locking in

Spot rates for hauling crude on the largest vessels from the Middle East to China, a benchmark route, have sunk by a third this year as demand in the top

The European Union gave preliminary backing to a 15th package of sanctions against Russia that includes an extension of an exemption for Slovakia to trade

Russia's state oil firm Rosneft has agreed to supply nearly 500,000 barrels per day (bpd) of crude to Indian private refiner Reliance in the biggest ever

DUBAI, Dec 6 (Reuters) – Saudi Energy Minister Prince Abdulaziz bin Salman said on Friday the OPEC+ decision to push back

A broadening of US sanctions on tankers that haul Iranian crude has jammed a crucial cog of the trade, slowing the delivery of oil from the OPEC producer to

China’s independent refiners have snapped up barrels from across the Middle East and Africa as offers of Iranian oil remain scarcer and more expensive than

The secret switching of Russian fuel cargoes between tankers at sea has migrated to new hotspots off the coast of Greece after the European country used naval

Britain is imposing the biggest sanctions package against Russia's shadow fleet, targeting 30 vessels, foreign minister David Lammy said on Monday, urging G7

CAIRO, July 14 (Reuters) – Kuwait Petroleum Corporation (KPC) said on Sunday it had made a “giant” oil discovery in the

Growth in the global demand for oil is projected to experience a significant slowdown in the coming years before stalling out this decade amid the transition

By Elina Ganatra (Bloomberg) — Oil tanker tycoons are enjoying a surge in revenue as the sanctions triggered by Russia’s war are redrawing the global

By Marianna Parraga June 17 (Reuters) – A 650,000-barrel-cargo of Venezuela’s oil chartered by Italy’s Eni ENI.MI is

By Rowena Edwards, Angeliki Koutantou and Ahmad Ghaddar LONDON/ATHENS, May 18 (Reuters) – Russian fuel oil arrivals offshore Greece

By Shadia Nasralla LONDON, May 17 (Reuters) – Sea-borne oil has thrown a lifeline to refiners in eastern Germany and Poland, with non-Russian

By Devika Krishna Kumar and Sheela Tobben (Bloomberg) — Oil rose to settle at its highest in three days in a volatile session as a series of challenges

By Ron Bousso and Dmitry Zhdannikov (Reuters) – BP is abandoning its stake in Russian oil giant Rosneft in an abrupt and costly end to three decades of

By Fiona MacDonald (Bloomberg) –Trying to catch a bus at the Maliya station in Kuwait City can be unbearable in the summer. About two-thirds of the