BP's Castrol unit has secured a bid from US private equity firm One Rock Capital Partners, one of the few remaining bidders ...

Without stronger enforcement, including naval oversight and EU unity, sanctions risk being symbolic rather than impactful.

Oil exports increased by 25,000 barrels per day (bpd) in May, reaching 6.19 million bpd, according to JODI data, which is ...

EU agrees on 'one of its strongest' Russia sanctions packages after Slovakia lifts veto * UK sanctions Russian intelligence units involved in cyberattacks * Ukrainian drones reportedly attack Moscow ...

The Financial Services Forum, which represents eight of the largest banks in the U.S., has lured Amanda Eversole from the ...

The EU proposed lowering the cap to $45 per barrel from the current $60, but oil's surge following Israel's attack on Iran has complicated efforts to find unanimity among the bloc's 27 members.

The US has so far refrained from endorsing a lower price cap on Russian oil, prompting the question of whether the EU can dare to go it alone.

The EU and UK are keen to lower the price Russia gets for its legally sold seaborne oil. However, there appears to be reluctance from the Trump administration.

The Treasury Department announced new sanctions on oil shippers and traders that have been helping Russia circumvent price restrictions.

With Russia's ruble struggling as war expenses surge, some experts say the G7 should strike while the iron is hot and lower its price cap on Russian oil. Others say that could defeat the purpose ...