Russia’s proceeds from oil in the state budget in January were near a one-year low due to weaker global crude prices and ...

Russia's oil and gas condensate production reached 516 million metric tons, or 10.32 million barrels per day, in 2024, Deputy ...

Russia appears to be "addicted" to military spending to keep its economy propped up, a think tank said this week.

Ukrainian defense forces have consistently struck Russian oil refineries, nearly causing a collapse in the country’s oil and ...

Traders say for the time being the price cap imposed on products that trade at a premium to crude, principally diesel - which ...

State run gas giant Gazprom spearheads increase in gas production in 2024 as it re-takes a larger share of the domestic ...

Sweeping US sanctions on Russia’s oil industry are unlikely to result in a “large hit” to production, as higher freight rates ...

A new drone bomber may have joined Ukraine’s escalating assault on Russia’s oil industry. On Wednesday night or early ...

The reported strike comes two nights after Ukrainian forces launched a joint attack against the refinery that allegedly ...

Videos showed fireballs over a facility in Ryazan, 110 miles southeast of Moscow. Kyiv is seeking to disrupt Russian military ...

Ukrainian drones hit a Russian oil refinery in the city of Ryazan overnight, causing a fire and damaging equipment at one of ...