Russian producer Lukoil has struck a tentative deal to sell its overseas oil assets to US investment giant Carlyle amid US sanctions pressure. An agreement has been signed for the acquisition of ...

Iran’s government has said it will “defend itself and respond like never before” after US President Donald Trump threatened ...

This used to be one of the world's most productive oil basins, and along with the city of Maracaibo, across the lake, is seen as key to President Donald Trump's plan to get US firms to invest $100bn ...

Traders are increasingly using tankers to store Russia's Urals crude as demand weakens and customers weigh growing sanctions ...