The Latest Breaking News from Oil

Putin thought he controlled the world’s energy supply. Now he’s just an impoverished warlord.

An EU embargo on Russian oil and a transit fee hike to use the Bosphorus Strait are reviving a shelved pipeline plan.

Videos showed a huge flash at the high-security airbase in Saratov region used by the Russian president’s strategic fleet

Protests against oil and mining have been planned, as thousands of delegates arrive for UN biodiversity summit

Oil prices have risen as the first strong measures to limit Russia’s oil profits over the war in Ukraine took effect

The Kremlin said on Monday that a Western price cap on Russian oil would destabilize global energy markets but would not affect Moscow's ability to sustain its military operation in Ukraine. Kremlin spokesman Dmitry Peskov said Russia was preparing how it would respond to the move by the G7 and…

India's foreign minister has signaled that his country will continue to buy oil from Russia, even as Western governments press Moscow with a price cap on its oil exports

From baking powder to stock cubes, this is what celebrity chefs say make the perfect roastie

Starting this Monday, all Russian oil sold on international markets will be subject to a G7 and EU-imposed price cap. The measure is aimed at cutting into Moscow's financing for the war in Ukraine, while maintaining global supply. The bar has been set at $60 a barrel, which Ukraine's president…

The price cap on Russian oil agreed by the European Union (EU), G7 and Australia is set to come into force on Monday. It aims to restrict Russia's revenue while making sure Moscow keeps supplying the global market.

The marriage of convenience between Iraqi Kurdistan's political dynasties is on the rocks.