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Amid soaring supply and subdued demand, the expected global oil oversupply will be larger than previously anticipated, the International Energy Agency (IEA) said on Tuesday. In its monthly report, the ...

India's state-owned refiners are scrutinizing oil contracts following US sanctions on Russian firms Rosneft and Lukoil. While India has significantly increased Russian oil imports due to discounts, ...

Canada's oil patch is undergoing significant consolidation, with companies preferring to acquire existing operations rather than invest in new, expensive oil sands production. The acquisition battle ...

It will take months for Russia to find ways to evade new U.S. sanctions. But if Iran can keep its energy exports flowing under heavy restrictions, Moscow probably can too. Brent crude rose by around ...

Oil prices have fallen sharply this year as the global supply has remained strong and demand has been slow to grow. By Rebecca F. Elliott The price of oil has dropped to some of its lowest levels of ...

A growing glut of oil and fear of a global economic slowdown have pushed U.S. crude prices to their lowest point since fuel markets were rebounding from the Covid crash. Most actively traded U.S. oil ...

SINGAPORE, Oct 23 (Reuters) - Chinese state oil majors have suspended purchases of seaborne Russian oil after the United States imposed sanctions on Rosneft and Lukoil, Moscow's two biggest oil ...

US President Donald Trump on Wednesday imposed Ukraine-related sanctions on Russia's largest oil companies, Lukoil and Rosneft, in Washington's toughest measures against Russian business during the ...

4:35 Trump hits Moscow with oil sanctions to prompt progress on Russia-Ukraine war settlement Oil prices spiked on Thursday after the U.S. announced massive new sanctions on Russia’s oil industry in ...

This story is a partnership between Grist and Foreign Policy, with support from the Pulitzer Center. As Paramaribo, Suriname, flooded with shin-high water during a rainstorm in June, hundreds of taxis ...