The European Commission proposed on Friday a floating price cap on Russian oil of 15% below the average market price of crude ...

Oil prices rose over 2% on Friday as investors weighed a tight short-term market against the potential surplus this year ...

The price of Russia's Urals crude oil remained $2 per barrel below the $60 per barrel limit imposed by Western nations amid ...

BEIJING/SINGAPORE (Reuters) -Oil prices rose on Friday after U.S. President Donald Trump said he would make an announcement ...

Momentum has been building behind a bipartisan bill to impose sanctions on countries that purchase Russian oil, as ...

Flattery and pressure — coupled with President Trump’s growing dissatisfaction with President Vladimir V. Putin — have helped ...

Senate sanctions bill targeting Russia's energy exports with hefty tariffs gains momentum as Trump shifts position on Russia, ...

The European Commission is expected to propose a floating Russian oil price cap this week as part of a new draft sanctions ...

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Senate Majority Leader John Thune (R-S.D.) says it is his “hope” that the Senate passes legislation to place tough sanctions ...

The co-sponsors of new bipartisan U.S. sanctions package targeting Russia have briefed European allies and Ukraine on the ...

A bipartisan Russia sanctions bill is gaining momentum in the Senate and could soon come to a vote as Republican lawmakers ...