The sanctions announced by the U.S. Treasury Department against Rosneft’s subsidiary RTSA and its Chairman are illegal, unjustified, and an act of legal abuse.

The $50-billion award was originally made in 2014 by The Hague Permanent Court of Arbitration after a claim was brought by three former shareholders in Yukos – Veteran Petroleum, Yukos Universal Ltd, and Hulley Enterprises Ltd.

This winter, U.S. natural gas prices have been at their lowest levels in decades.

U.S. Industrial production declined 0.3 percent in January, as unseasonably warm weather held down the output of utilities and as a major manufacturer significantly slowed production of civilian aircraft.

U.S. Rig Count is unchanged from last week at 790, Canada Rig Count is down 2 rigs from last week to 255,

The coronavirus epidemic in China has had a marginal impact on energy markets and is unlikely to dramatically affect oil prices even if Chinese demand falls by 500,000 barrels per day, U.S. Energy Secretary Dan Brouillette told

Russia’s RDIF sovereign wealth fund said on Wednesday that Russian and Saudi companies have held discussions on possible joint projects as well as potential investment worth more than $10 billion.

The Ukrainian company's claims against the Russian state over the Crimea assets were left out of a settlement deal with Russia's Gazprom agreed at the end of December, which canceled out all existing arbitration claims by both parties as part of a new transit contract.

EQT Corp, the largest U.S. gas producer, recently said it would take a write-down of as much as $1.8 billion, following CNX Resources Corp, Royal Dutch Shell Plc and Chevron Corp in reducing the value of gas properties.

US imports of unfinished oils from Russia averaged 472,000 b/d in November, the most since May 2013, when the same amount of unfinished oils was imported from Russia.