Even if the OPEC+8 group halts its planned production increases during the first quarter of 2026, the revised liquids balance ...

Russian oil major Lukoil is struggling to keep operations running at its sprawling foreign businesses as Western sanctions disrupt oil loadings in Iraq, pump stations in Finland and trading in ...

When the West imposed restrictions on Russia’s oil exports after Vladimir Putin’s invasion of Ukraine in 2022, an array of ...

Oil prices fell over 1% on Tuesday as OPEC+'s decision to pause output hikes in the first quarter next year along with weak ...

Iraq has cancelled the loading of three crude oil cargoes from Lukoil in November, two market sources said on Tuesday citing concerns over U.S. and UK sanctions on the Russian oil major. Iraq's state ...

Abu Dhabi opened a major oil summit Monday with officials offering bullish optimism that power demands for artificial ...

Gunvor Group Chief Executive Officer Torbjörn Törnqvist said an agreement to acquire Russian oil producer Lukoil PJSC’s ...

A fire has broken out in an industrial zone in the town of Kstovo in Russia's Nizhny Novgorod Oblast following a nighttime ...

OPEC+ has raised output targets by around 2.9 million barrels per day - or around 2.7% of global supply - since April, but ...

Since April, OPEC+ has increased production by more than 2.5 million barrels per day, causing crude prices to toe and even fall below the $60 barrel line.

Torbjörn Törnqvist has just struck one of the deals of his lifetime, pouncing on the overseas operations of Lukoil soon after ...