Russia's Rosneft Offers Stake in an Oilfield to ONGC Videsh

Despite European Union calls for member states to curb ties with Russia over its aggression toward Ukraine, Finland looks set for closer links with Moscow in energy.

One of Russia’s prized oils, facing increased competition in Asia, is traveling to a rather unlikely destination: the U.S. West Coast.

At another time or in a different place, the oil and gas field ExxonMobil has discovered in the Russian Arctic would have been a cause for jubilation at its Texas headquarters.

U.S. energy company GE will continue working in Sakhalin despite Western sanctions on Russia, the company's vice chairman John Rice told Interfax Monday.

The most powerful man in Russia’s oil industry says U.S. sanctions won’t prevent the development of discoveries in the Arctic Ocean.

The head of OAO Rosneft (ROSN) said maintaining dividends is a “sacred obligation” for Russia’s largest oil company as sanctions limit its financial flexibility.

West Texas Intermediate crude fell from the highest price in seven days as concern eased over the risk of a supply disruption in the Middle East. Brent declined in London.

Russia Says Arctic Well Drilled With Exxon Strikes Oil

After Exxon Mobil Corp. mounted a campaign to warn U.S. officials that prematurely halting work with Russian oil giant Rosneft on an exploratory oil well could foul the Arctic, the Obama administration last week gave the company a two-week reprieve from sanctions on Russia.