The Latest Breaking News from Oil

China has voiced its opposition to the U.S. sanctions on Russia’s oil companies, emphasizing the need for sanctions to be in line with international law. Meanwhile, the European Union (EU) imposed fresh Russian sanctions on Thursday.

The Trump administration imposed sanctions after plans to hold a second summit on ending the war in Ukraine were abandoned

A French court Thursday ruled oil and gas giant TotalEnergies had engaged in "misleading commercial practices" by overstating its climate pledges, in what activists said was the first such ruling worldwide against a major oil company for climate misinformation.

The European Union has imposed more economic sanctions on Russia, adding to measures by U.S. President Donald Trump against the Russian oil industry

The Trump administration hardens its stance against the Kremlin. Plus, the final New York City mayoral debate gets heated

Fresh US measures against Russian energy giants are tightening the seaborne supply of oil, pushing Brent higher as traders price in risk.

Measures also add 117 shadow fleet vessels to list of those suspected of illegal oil shipments and banned from ports

The U.S. sanctioned Rosneft and Lukoil, two of Russia’s largest oil companies, in an effort to restrict Moscow's energy earnings.

The European Union on Thursday agreed a new sanctions package targeting Russia’s “shadow fleet” of oil tankers and banning imports of Russian liquefied natural gas. The move comes as Ukrainian President Volodymyr Zelensky joins EU leaders at a summit in Brussels to push for more support against Russia’s invasion.

The new tax law has changed the energy investing landscape with expanded incentives and permanent tax benefits for oil and gas production.

The CEO of the U.S. energy secretary’s fracking company said Trump’s tariffs are getting in the way of U.S. energy and AI dominance.