Russian president Vladimir Putin said Thursday that the Russian economy might take up to two years to recover from the doldrums into which it has fallen. He began his annual question and answer session with journalists by speaking about Russia's economic...

The U.S. Treasury Department said Wednesday that it would impose new sanctions "on those supporting the Syrian regime’s procurement of specialty fuels and base oil used in its military campaign against the Syrian people." The Treasury department designated 11...

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OPEC’s recent decision not to cut production makes sense for the long term, former OPEC Secretary General said Friday while dismissing claims that the oil cartel has lost influence over the global market. Speaking to The Anadolu Agency on the sidelines of the fifth Bosphorus Summit in...