Oil

US imposes sanctions on Russian oil companies Rosneft and Lukoil

"We encourage our allies to join us in and adhere to these sanctions," Treasury Secretary Scott Bessent said in a statement announcing the sanctions.

US Treasury Secretary Scott Bessent sits to testify before a House Ways and Means Committee hearing on Capitol Hill in Washington, US, June 11, 2025.
Freed Russian former oil tycoon Mikhail Khodorkovsky reacts during his news conference in the Museum Haus am Checkpoint Charlie in Berlin, December 22, 2013. Khodorkovsky, pardoned by Russian President Vladimir Putin after 10 years in jail, said in remarks published on Sunday that he would not go in

Dutch Supreme Court rejects Russia’s final appeal in Yukos case, clearing path to enforce $65b

A person rides a motorcycle past a sign in Deir Ezzor, Syria, September 28, 2025; illustrative.

Four oil facility guards killed in an attack near Syria's Deir Ezzor, state media says

U.S. President Donald Trump and Indian Prime Minister Narendra Modi shake hands as they attend a joint press conference at the White House in Washington, D.C., U.S., February 13, 2025.

Trump says Modi has assured him India will not buy Russian oil


Yemen's Houthis say they will target major US oil exporters in nearby seas

Yemen’s Houthis named Exxon, Chevron, and other US firms as targets, vowing attacks in the Red Sea despite a prior truce with Trump’s administration.

 ExxonMobil logo is seen in this illustration taken, October 6, 2023.

Economically boosting the KRG with resumed oil exports will benefit region - analysis

Oil is flowing again from Iraq’s Kurdistan Region to Turkey, a move hailed as “historic” and expected to boost Iraq’s federal budget by up to $500 million monthly.

Iraqi Prime Minister Mohammed Shia' al-Sudani (R) and KRG Prime Minister Masrour Barzani (L) in Baghdad, 2023; illustrative.

India’s influence in the Middle East: balancing energy, workers, and Saudi-Pakistan defense pact

Gulf Countries are home to nearly half of India’s immigrant population, which brings skills and growth to the Middle East economies.

People wave Indian flags in support of the Indian Armed Forces, following the ceasefire announcement between India and Pakistan, in Delhi, India, May 13, 2025.

India says it expects Saudi Arabia to mind 'sensitivities' after pact with Pakistan

On Thursday, India's foreign ministry said it was aware that the pact had been under consideration and that it would study the implications for New Delhi.

 Saudi Crown Prince Mohammed bin Salman and Pakistan Prime Minister Shehbaz Sharif embrace each other on the day they sign a defence agreement, in Riyadh, Saudi Arabia, September 17, 2025.

US imposes sanctions on global financial network facilitating Iranian oil sales

The US has sanctioned a financial network tied to Iranian oil sales, targeting entities in Hong Kong and the UAE to disrupt funding for Iran’s military and proxies.

 The IRGC’s control over Iran’s oil industry has grown to such a point, experts now estimate 50% of the country's oil wealth is siphoned to the military organization

Tanker truck explodes on Mexican highway, killing three and injuring 70

The city's fire department said the flames had been fully extinguished in and around the overturned tanker trailer, which had been hauling liquefied petroleum gas.

A man walks nex to the charred remains of a trailer, one of the vehicles damaged in a gas tanker explosion on Ignacio Zaragoza Avenue, where multiple individuals sustained burn injuries after the tanker overturned, in Mexico City, Mexico, September 10, 2025.

US imposes sanctions on network for transporting Iranian oil

"By targeting Iran’s oil revenue stream, Treasury will further degrade the regime’s ability to carry out attacks against the United States and its allies," Treasury Secretary Scott Bessent said.

A drone view shows oil tankers loading crude oil at the Basra Oil Terminal in Iraqi territorial waters, off the coast of Basra, Iraq, August 5, 2025. REUTERS/Mohammed Aty

Russian overnight attack on Kyiv kills 15, injures 38, Ukraine says

Russia, which denies targeting civilians, has stepped up air strikes in recent months on Ukrainian towns and cities far from the front lines of the war.

Residents walk at the site of an apartment building hit during Russian drone and missile strikes, amid Russia's attack on Ukraine, in Kyiv, Ukraine August 28, 2025.

UK sanctions Iranian oil magnate accused of destabilization activities

Following suspicions of participating in "destabilization activities," multiple sanctions have been launched against Iranian oil magnate and associated entities.

 On March 12, 2017, a view of an Iranian oil facility on Khark Island in the Persian Gulf

Once and for all: Is sunflower oil dangerous for you?

Recently, more and more questions have arisen about sunflower oil. Is it really unhealthy for you, and what does it contain?

Dangerous or not?

Bazan enters oil production market with $100m. investment in US firm

Israeli energy group Bazan buys 52% stake in US oil firm Cantium, marking its strategic entry into upstream operations.

Bazan Chairman Moshe Kaplinsky