Brent and WTI oil prices fall again after US announces biggest release ever from its Strategic Petroleum Reserve

India and Russia have sealed a rupee-rouble payment mechanism to get around western sanctions because of the war in Ukraine,...

Chinese exports to Russia have been buffeted as the rouble swings in value, clear evidence of the effect Western sanctions over Russia's invasion of Ukraine are having in China

Starting in May, the US will release 1 million barrels per day (bpd) of crude oil for six months from the Strategic Petroleum Reserve

Japan is attempting to balance its need for fossil fuels with toeing a hard line on Russia, and has faced questions over its involvement in the Sakhalin 2 project

Biden orders release of 1 million barrels a day into market over next six months amid war-related price spike

India and Russia have finalised a rupee-rouble payment mechanism to get around western sanctions because of the war in Ukraine, according to industry sources.

The state-owned oil giant said in a prospectus it plans to sell 2.6 billion shares on April 12 and list on the Shanghai Stock Exchange

A big increase in Russian oil imports by India could expose Delhi to "great risk" as the US prepares to step up enforcement of sanctions against Moscow for invading Ukraine, a US official has warned

Move would mark the third time the US has tapped strategic reserves in six months, and would be the largest release in the near 50-year history of the reserve system

The actions include support to boost domestic production, alternative procurement and to help technological developments to reduce use of the materials

While oil prices have slipped from the highs seen earlier from Russia’s war in Ukraine, a weakening yen is likely to keep upward pressure on imported fuel costs