By allowing international companies such as Exxon, Royal Dutch Shell, Halliburton, and Schlumberger to carry on their pumping, the White House and its European allies assured stability in global oil markets and in the prices consumers pay for gasoline.

Exxon Said to Halt Arctic Oil Well Drilling on Sanctions

Efforts to reach a peace deal between Ukraine and Russia continue. But western businesses are finding themselves hit increasingly hard by Russia-related sanctions – from both sides.

Third High-Level Meeting of the OPEC-Russia Energy Dialogue

Former BP chief warns on Russia sanctions

Gazprom Neft looks to alternative suppliers to sidestep sanctions impact

Russia's Government Approves Rosneft Investments

U.S., EU Widen Sanctions on Russia

Russia to Provide $40B State Help to Rosneft, Says PM Medvedev

EU slaps new sanctions on Russia, may suspend them if ceasefire holds

Sanctions help Russia overcome its China paranoia. Moscow is strengthening ties as access to western funds tightens.

U.S. considers stronger sanctions against Russian energy

Russia Arctic energy ambitions jeopardised by western sanctions

Rosneft and ExxonMobil Started Field Studies in the Shelf Area of the Laptev Sea

Ban on buying Russian bonds eyed as EU envoys meet