This segment also trades and ships crude oil and petroleum products. Its Marketing & Services segment produces and sells: Lubricants Supplies and markets petroleum products, including bulk fuel ...

Russia's oil supplies to Indian state refiners have been hit following U.S. sanctions on two Russian producers that have supplied low-sulphur Arctic oil grades such as Novy Port, ARCO and Varandey ...

(Reuters) – Oil prices rose for a second day on Thursday after a larger-than-expected decline in U.S. crude oil stockpiles added to supply concerns stoked by U.S. sanctions against Russian energy ...

The latest round of sanctions could disrupt Russian oil supply and distribution significantly, the International Energy Agency said in its monthly oil market report on Wednesday. Oil prices rose ...

Loud blasts were heard near the city of Liski ... "As a result of the strike, a massive fire broke out at the oil depot, with several fuel tanks still burning," the SOF stated. The oil depot stored ...

On the supply side, non-OPEC liquids production is expected to grow by 1.1 mb/d in 2025 and 2026, driven primarily by the United States, Brazil, Canada, and Norway. OPEC also reported that crude oil ...

MOUNT DESERT ISLAND — Using his authority under the Outer Continental Shelf Lands Act, President Joe Biden has permanently protected huge swaths of U.S. coastline from offshore oil and gas drilling, ...

IEA said new US sanctions on Russia are likely to affect global oil supply in the coming months. The agency expects oil demand to grow by 1.05 million barrels per day in 2025. Oil supply growth is ...

Still, it will surely have an effect on the global economy and the oil market because of the near- to medium-term trade policies and further sanctions that could see Iran’s supply restricted.

The price of West Texas Intermediate (WTI) crude oil futures topped $79 per barrel for the first time since August this week on the back of Russia-related supply worries. Late last week ...

MOSCOW (Reuters) - Russia's vast Arctic oil business is facing major disruption from U.S. sanctions on its tankers and depots, stranding crude supplies previously snapped ... and Kola floating storage ...

pushing Chinese and Indian refiners back to sellers of non-sanctioned oil, tightening supply and driving up spot premiums for crude produced in the Middle East to Africa and Brazil, traders said. Over ...