The sanctions were intended to force Russian President Vladimir Putin to the negotiating table and bring an end to the war ...

Treasury Secretary Scott Bessent has said oil and gasoline prices are "down substantially under President Trump," and could ...

The American Petroleum Institute (API) estimated that crude oil inventories in the United States saw a large build of 4.4 ...

The Department of the Interior has unveiled its proposal to expand oil and gas drilling along America's coasts.

The US government jolted energy markets when it announced sanctions on Russia’s two biggest crude oil producers on Oct. 22.

Oil prices fell about 2% on Friday to a one-month low as the U.S. pushed for a Russia-Ukraine peace deal that could boost ...

Here is a look at how U.S. sanctions on Russian oil firms Rosneft and Lukoil, which take effect at 1701 GMT on Friday, may ...

Commercial crude oil inventories jumped 6.4 million barrels as U.S. production set new records and refinery capacity utilization rose to 89.4%.

Canada's oil sands are experiencing a comeback due to the newly expanded Trans Mountain oil pipeline bringing Canadian oil to ...

The U.S. Treasury said on Monday that U.S. sanctions against Russian oil majors Rosneft and Lukoil are already reducing ...

Concurrently, the Department of the Treasury is designating additional shipping networks involved in illicit oil schemes to ...