Oil loadings at Russia's Black Sea major terminals of Novorissiisk and Yuzhnaya Ozereevka have been suspended over paperwork ...

Foreign oil tankers are being temporarily barred from loading at Russia's main Black Sea ports following new regulations, two ...

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

The European Union on Friday agreed an 18th package of sanctions against Russia over its war in Ukraine, including measures ...

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

Last week, the European Union announced its 18th sanctions package against Russia, something that could have an impact on the ...

Indian private refiners that have leveraged cheap Russian crude to boost margins will be forced to find workarounds and rely ...

Russia has a large oil and gas industry with trained personnel who can operate most facilities, analysts say. “It is very easy to find Russian technical people to work on these projects,” said ...

Analysts say it would be wrong to underestimate Russia’s oil industry. It was struggling when the Soviet Union collapsed in the early 1990s, ...

The question that the Russian industry immediately faces is whether to throttle back production. Russia has been producing about 10 percent of the world’s oil supplies.

The oil and gas industry has long been one of Russia’s highest-paying employers, offering a wage that exceeded the national average by at least two thirds since 2017, according to Bloomberg ...

By contrast, Russia’s all-in cost of oil production is about $44 a barrel. And the marginal cost to produce an additional barrel from an existing well is in the range of $5 to $10 .