Ukraine’s long-range strikes on refineries inside Russia have reduced Moscow’s oil refining capacity by 20%, Ukrainian President Volodymyr Zelenskyy said, citing intelligence from Western governments.

Oil prices fell 2% on Tuesday, marking their third day of declines as investors assessed the effect of U.S. sanctions on Russia's two biggest oil companies along

The impact of President Donald Trump’s attempt to financially choke Moscow’s war machine by imposing sanctions on Russian oil firms was instant; not on the battlefield in Ukraine, but in the offices of oil traders in India and China,

From rare earths to Russian oil, here’s what Trump hopes to get out of meeting Xi Jinping - IN FOCUS: Experts do not expect US and China to resolve all their issues before the two presidents meet, but they are hoping for enough progress to stop the rivalry from doing more global economic damage.

Newly imposed U.S. and EU sanctions targeting Russia and its oil giants Rosneft and Lukoil have yet to disrupt physical crude shipments from the country’s western ports, according to LSEG data and market sources.

Julianne Smith, former US ambassador to NATO, speaks to Bianna Golodryga about the Trump administration’s hardening line on Russia and why the US should link its Pacific and Atlantic strategies.