An impasse over Russian oil and imminent US sanctions has put Serbia at loggerheads with its traditional ally in Moscow.

NIS' Russian owners are ready to give up control of the Serbia-based oil firm as U.S. sanctions threaten fuel supplies to the ...

Crude oil futures gained for a third straight session on signals that US sanctions are starting to have an impact on Russian ...

The Iraqi government says it can no longer work with Russian oil company Lukoil – which has a huge stake in the country’s oil fields – because of recently imposed US sanctions against the company.

The United States has granted Hungary a one-year exemption from U.S. sanctions for using Russian oil and gas, a White House ...

A billion-barrel oil buildup at sea signals sanctions stress, threatening revenues for sanctioned petrostates and impacting global oil markets.

Ukraine and its allies have called on Donald Trump to pressure Xi Jinping over China’s support for Russia. Trump’s meeting ...

Oil prices gained about $1 on Tuesday on the impact of the latest U.S. sanctions on Russian oil and the optimism over a ...

Finland’s Foreign Minister Elina Valtonen touted recent sanctions by the US and European Union targeting Russia’s energy sector, but said more pressure is needed if allies are to force Moscow to end ...

President Donald Trump signalled openness to a possible exemption for Hungary from US sanctions on Russian energy imports ...

Trump may exempt Hungary from Russian oil sanctions due to the country's lack of sea access and dependence on Russian energy ...

Officials in Budapest say their landlocked country is dependent on Russian oil and gas for geographical reasons.