Oil and gas will play a critical role for a long time to come, Exxon Mobil CEO Darren Woods said on Friday, adding that the ...

The State Fire Marshal’s Office is investigating a Saturday night commercial structure fire near Jay. Firefighters from across the area responded to the two-alarm fire on Oil Plant Road in Jay shortly ...

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 ...

JUNEAU, Alaska — The Trump administration on Thursday finalized plans to open the coastal plain of Alaska's Arctic National Wildlife Refuge to potential oil and gas drilling, renewing a long-simmering ...

The US government jolted energy markets when it sanctioned Russia’s two biggest crude oil producers on Oct. 22. All eyes are now on how the sanctions will affect the supply and price of petroleum ...

China and India are pulling back from buying Russian oil after President Trump sanctioned two of Moscow’s biggest exporters Wednesday. Reuters reported Thursday that Chinese state-run petroleum firms ...

Oil surged after new U.S. sanctions on Russian energy firms, but the size of the move reflects more than geopolitics. Tight positioning in the futures market left traders primed for a sharp reaction.

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 ...

President Donald Trump’s sanctions targeting Russia’s two largest oil companies could undermine the country as a petrostate, an energy expert has told Newsweek. However, the measures announced on ...

Oil prices jumped on Thursday after the U.S. imposed sanctions on major Russian oil companies over Russia's war in Ukraine. Brent crude futures were up 5%, while West Texas Intermediate crude futures ...