Donald Trump’s primary objective during Thursday’s summit with Xi Jinping may be negotiating a favourable trade deal, but it ...

The downsides to seizing sovereign Russian assets held in American and European banks no longer hold much water.

The document was published by the Treasury's Office of Foreign Assets Control (OFAC). The license authorizes transactions ...

Russia's oil exports to China and India are a lifeline, fueling Moscow's war effort. Experts say now there is a chance to cut ...

On October 22, 2025, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced significant new ...

Oil prices rose on Wednesday after data showed U.S. crude and fuel inventories drew down more than expected last week, and as ...

NEW DELHI — A Russian oil tanker bound for India has abruptly reversed course in the Baltic Sea, underscoring the widening ...

Refiner HPCL-Mittal Energy Ltd (HMEL) has become the first Indian oil company to suspend Russian crude purchases following ...

Lukoil plans to divest all its overseas assets, including projects in Africa. The move affects stakes in Nigeria, Ghana, Congo, and Egypt. The sale follows Western sanctions restricting the company’s ...

Lakshmi Mittal’s Indian refinery has taken in Russian oil for the first time since Donald Trump’s new sanctions dropped, and the shipments came in on ships ...

An emerging oil glut will help augment the economic punch from President Trump's new round of sanctions against Russia.