Russia plans to increase exports from its western ports to nearly two million barrels per day in August, about 200,000 bpd ...

Russia has shipped its first naphtha cargo to Vietnam, as it looks for new buyers to support sales hit by Western sanctions, data from traders and shipbrokers showed.

The Russian economy was slowing even before President Trump’s latest threats. But the Kremlin has enough money to keep ...

Russia's Ryazan oil refinery halved its production and the Novokuibyshevsk refinery halted it completely on Aug. 2 after ...

Fossil fuel revenues form the backbone of Russia's economy, which has been buffeted by sanctions following Vladimir Putin's full-scale invasion of Ukraine.

Industry experts say Western companies will need to weigh potential access to oil and gas riches against political risks and other hazards of doing business in Russia. By Stanley Reed Reporting ...

Oil and gas extraction employment is even more lucrative, with salaries above $200,000. Removing sanctions against Russia would harm the U.S. economy and worsen our trade deficit.

New EU sanctions targeting Russia's oil industry are set to disrupt global diesel flows, intensifying market pressures.

"They're buying Russian oil, they're fueling the war machine, and if they're going to do that, then… then I'm not going to be happy," the U.S. president said.

But Russia has regulated the industry so poorly that production is falling despite the soaring oil price. "Tax is the major impediment," Redman said.

Russia’s crude output fell to 8.962 million barrels a day in January, 16,000 barrels a day below its target under the OPEC+ supply agreement. Russia pledged to submit an updated schedule for oil ...

Nigerian crude ended the day slightly unchanged as investors evaluated whether a potential agreement between the US and Russia to ...