Look, Russia is a gas station masquerading as a country,” John McCain said more than a decade ago, a line that was once ...

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 ...

Hit by falling oil revenues and Western sanctions, growth in the country has slowed while the budget deficit has exploded.

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.

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

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

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 ...

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.

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

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

Jaiswal argued that India only began importing oil from Russia after “traditional supplies were diverted to Europe after the ...