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

Russia's FSB security service has started handing out clearance for foreign tankers to access the Black Sea ports, allowing ...

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

The Russian government has resorted to temporary gasoline export bans multiple times over the past two years, typically to ...

Kazakhstan's oil exports through Black Sea ports have resumed following a brief halt, as Russia's FSB security service begins ...

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

Local oil industry sources said Friday that movements of gasoline and diesel prices are expected to go in different ...

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

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

Despite booming demand and record prices, Russia's oil industry faces problems. Subscribe. Log In. Minnesota News You Can Use. Subscribe. The Latest. 13 minutes ago.

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

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 .