The “vintage tonnage” is the “shadow fleet” of second-hand oil tankers that were spared from the ship-breaking yards in 2022 because Russia lost its export market in Europe when it invaded Ukraine.

Ltd has settled a USD 1.817-billion claim against a former unit of Russian energy giant Gazprom for USD 285 million, ...

Ltd has settled a USD 1.817 billion claim against SEFE Marketing & Trading Singapore for USD 285 million, ending a dispute ...

Global diesel prices and refining margins spiked following the latest round of U.S. sanctions on Russia's oil trade on ...

At 412.7 million barrels, commercial crude stocks are at their lowest since 2022, EIA data show, with reductions in supplies "attributed to an increase in exports and a decrease in crude oil imports," ...

In the run-up to his departure from the White House, President Joe Biden has slapped a number of major new sanctions on ...

Its ability to sell gas to European consumers has been severely curtailed. "Gazprom has lost an important commercial tool ...

"The agenda of the meeting of the board of directors [includes] liquidation of a representative office of Gazprom in the Kingdom of Belgium in the city of Brussels, liquidation of a representative ...

Chinese researchers apply for patents for ‘submarine cable cutting devices,’ while Russian experts boast on television that ...

The European Union has issued multiple rounds of sanctions against Russians and Russian-based businesses in response to the invasion of Ukraine.

Monday’s ultra low sulfur diesel price settlement of $2.5333 a gallon on the CME commodity exchange is its highest since July ...

A colder winter has pushed global oil demand higher while new US sanctions on Russia and Iran could tighten supplies from those countries, the International Energy Agency said Wednesday.