President Obama has announced several rounds of economic sanctions on Moscow, acting with European allies. Here are answers to some simple questions about sanction specifics.
Russia's government-owned oil company Rosneft says US sanctions imposed on Russia will only hurt the US and other Western investors. Rosneft says that the US sanctions are 'illegitimate and groundless.'
The downing of a Malaysia Airlines jetliner last week is further straining relations between Russia and the West over Ukraine. That could spell trouble for several major oil companies operating in Russia.
Gas prices in the US have fallen to the lowest level in 100 days, and drivers have strong US energy production to thank. Analysts say the domestic oil boom is softening the impact that turmoil in Iraq and Ukraine would otherwise have on prices at the pump.
With US energy production booming, Sen. Lisa Murkowski (R) of Alaska is leading the charge to overturn a decades-old ban on US crude oil exports. Murkowski met with the Obama administration this week to discuss oil condensate exports and the prospect of further loosening the oil export ban.
Russian President Vladimir Putin has signed several energy deals in Latin America as he visits the region this week. Will it hurt the US's energy influence, or is Putin just focused on expanding Russia's economic relationships?
Many Argentines are optimistic the Vaca Muerta (Dead Cow) oil and gas fields can transform their nation’s fortunes overnight. Interest from Russian and Chinese leaders is helping fuel that hope.