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

Oil prices rose on Thursday, lifted by expected cuts in Russian gasoline supply and optimism over U.S. trade negotiations ...

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

Sanctions from the European Union and United States have devastated Russia’s coal sector, causing billions in losses, ...

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

Global shipping firms and petroleum traders are reportedly avoiding Nayara Energy, an Indian refiner, following recent EU ...

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.

Industry insiders like Wright use this term to refer to vessels that started carrying Russian oil in the past year. For many, little is known about their owners, which may be a shell company.

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 .

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 ...