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...

(Reuters) - Libya's eastern Es Sider oil export port, the country's biggest, has been shut due to fighting nearby between forces representing the country's competing governments, an oil official said on Sunday. Air strikes on Saturday by forces loyal to Libya's recognized...