All News Rigzone · June 12, 2026 (5h ago) · 1 min read Russian Oil Output at Lowest in Year amid Ukrainian Strikes Russian producers pumped an average of 9.009 million barrels a day of crude in May, according to OPEC. Read on Rigzone Share: Latest Coverage India Accuses West of Double Standards Over U.S. Russia Oil Sanctions The on-and-off U.S. sanctions on Russian oil and the flipping U.S. position regarding India’s oil purchases from Russia highlight the double standards of the Western nations, Indian Foreign Minister S Jaishankar said on Friday. India turned en masse to Russian oil in 2022, when the U.S. and the EU i OilPrice · June 12, 2026 Oil Prices Slide as Traders Bet on Diplomacy July WTI crude oil futures traded sharply lower through Thursday as traders removed much of the geopolitical premium tied to tensions between the United States and Iran. Through June 11, the contract traded between a high of $95.47 and a low of $85.13 before settling near $85.93. At that level, pric OilPrice · June 12, 2026 Armenia's Western Pivot Survives Moscow's Pressure Campaign OilPrice · June 12, 2026 Oil Market Volatility Masks a Shifting Reality in the Middle East OilPrice · June 12, 2026 MDL lends Saipem a hand with flex-lay prep for ops in Guyana Offshore Energy · June 12, 2026 India Set to Miss Budget Deficit Target as Oil Shock Strains Public Finances OilPrice · June 12, 2026 View all news → ← Previous Trump Claims Iran Deal Close in Uturn Next → North Sea oil platform automation enhancement on ABB’s UK worksheet