The number of oil rigs in the US increased by one in the week ... weekly gains amid factors including elevated tensions between Russia and Ukraine, Saxo Bank said in a report published Friday.

Russian officials say rescue workers have successfully removed almost 1,500 tons of oil stranded onboard a tanker that ran ...

Proceeds from oil and gas sales for Russia's federal budget in 2024 jumped by more than 26% to 11.13 trillion roubles ($108.22 billion).

Volunteers flooded the beaches to help with cleanup eventually prompting the federal government to step to help clean up thousands of tons of fuel oil.

The rush to buy replacement cargoes for sanctioned Russian oil has pushed Middle Eastern crude prices to an unusual premium ...

Sweeping US sanctions on Russia’s oil industry are unlikely to result in a “large hit” to production, as higher freight rates ...

Oil prices settled lower on Friday but notched their fourth straight weekly gain, as the latest U.S. sanctions on Russian ...

Most of Russia's dark fleet consists of oil tankers. However, the West has increasingly targeted LNG carriers as Washington and Brussels race to sever Russian energy flows to Europe. Regarding ...

Russia’s invasion of Ukraine was the final catalyst that drove oil prices back over $100. Although the rig count has rebounded under President Biden from the pandemic lows, it remains lower than ...

Stratas Advisors noted in the report that it expects that there is still some room for oil prices to move higher this week but added that the price of Brent crude oil will struggle to breakthrough $82 ...

Oil prices rose about 2 per cent on Wednesday on a large draw in U.S. crude stockpiles and potential supply disruptions from ...