Oil prices edged lower Tuesday as OPEC's plan to raise output offset optimism about a potential U.S.–China trade deal, while ...

The price of a key Russian oil grade has plunged after Western sanctions prompted Chinese refiners to cancel some purchases.

A dark fleet of tankers carried tens of billions of dollars of Iranian and Russian oil to Asia, evading Western sanctions.

The company stated that the asset sale is being carried out under a U.S. Office of Foreign Assets Control (OFAC) wind-down ...

"I haven't yet given any figures or mentioned any company names so as not to create unhealthy excitement and expose our Indonesian partners to the possible risk of secondary sanctions from Western ...

The oil market is showing skepticism about the long-term effectiveness of recent US sanctions on Russia's top oil producers, ...