Russian energy majors are putting pressure on Western oil buyers to use euros instead of dollars for payments and introducing penalty clauses in contracts as Moscow seeks protection against possible new U.S. sanctions.

• November 9, 2018

The U.S. State Department said on Tuesday it would impose additional sanctions on Russia after Moscow failed to give reasonable assurances it would not use chemical weapons after a nerve agent attack on a former Russian spy in England.

• November 7, 2018

Russian oil giant Rosneft said on Monday its average daily crude oil and gas condensate production in the third quarter rose by 3.4 percent in year-on-year terms to 4.73 million barrels thanks to a global supply deal easing.

• November 7, 2018

Russia is close to agreeing a 38-million-euro loan to Cuba to help it buy Russian-made arms, a deputy finance minister said on Friday, after President Vladimir Putin met Cuban President Miguel Diaz-Canel in Moscow.

• November 7, 2018

The United States snapped sanctions back in place on Monday to choke Iran’s oil and shipping industries, while temporarily allowing top customers such as China and India to keep buying crude from the Islamic Republic.

• November 6, 2018

Russia blamed bureaucracy rather than censorship for a decision to halt the release of a Hollywood movie that tells the fictional story of U.S. troops rescuing a Russian president from a Kremlin coup.

• November 2, 2018

Mikhail Gorbachev, the last Soviet leader, denounced on Friday a U.S. decision to leave an arms control treaty that helped end the Cold War, saying it heralded a new arms race which increased the risk of nuclear conflict.

• October 29, 2018

Hedge fund managers continued to liquidate former bullish positions in oil last week and for the first time in more than a year clear signs of fresh short-selling emerged.

• October 29, 2018