Ukrainian forces have launched a new series of drone strikes against companies involved in supplying the Russian army, some ...

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

Here are the details of the European Union's 18th package of sanctions against Russia over its war in Ukraine, approved on ...

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.

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

India's state refineries are increasingly relying on Nigerian crude oil to satisfy their supply requirements, signaling a ...

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

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.

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 ...

New EU sanctions targeting Russia's oil industry are set to disrupt global diesel flows, intensifying market pressures. Despite fears of a trade war decline after Trump's tariff threat, diesel prices ...

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 ...

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