Beijing continues to defy U.S. sanctions as the leading importer of Iranian oil and the second-largest buyer of Russian crude ...

U.S. Gulf Coast refiners are snapping up higher volumes of Middle Eastern and South American crudes to offset the loss of ...

According to the Energy Information Administration, U.S. gasoline stocks rose by 3.4 million barrels last week, compared with expectations for a 1 million barrel draw; distillate stockpiles, rose by 4 ...

The European Union's latest effort to restrict Russia's oil revenue is unlikely to hurt Moscow's war effort severely, leaving ...

Oil loadings at Russia's Black Sea major terminals of Novorissiisk and Yuzhnaya Ozereevka have been suspended over paperwork ...

The European Union's sweeping sanctions against Russian oil exports have started affecting Indian entities. The EU has ...

Euronews asked analysts if the huge oil and gas deposits discovered under the Baltic Sea offer Europe a chance to be less ...

WTI crude oil (CLQ25) on Monday closed down -1.47 (-2.15%), and August RBOB gasoline (RBQ25) closed down -0.0216 (-0.99%). Crude oil and gasoline prices today fell from 3-week highs and fell sharply ...

BP announced it had capped its crippled underwater well that sent millions of barrels of crude gushing into the Gulf of Mexico for three months.

The drilling ship overturned Tuesday evening off the city of Ras Ghareb, on the African side of the Gulf of Suez, the Red Sea’s northwestern arm and a crucial shipping route, the Petroleum ...

Meanwhile, the United Kingdom on July 21 imposed new sanctions on Russia's so-called "shadow fleet", targeting 135 oil tankers along with two Russian firms, shipping company Intershipping Services LLC ...