Russian energy minister Anton Rubtsov told state media about how current taxation on Russian oil hurts production.

Brent crude futures gained 0.1 per cent to US$64.68 a barrel. West Texas Intermediate crude, meanwhile, was up 0.3 per cent, ...

Russia has increased supplies of its oil from the Arctic to Syria, which needs the feedstock for its refineries, according to ...

Russia has continued to make billions from fossil fuel exports to the West, data shows, helping to finance its full-scale ...

Selling more oil at higher prices ought to be the stuff of dreams for a petrostate. But for Russia it is a sign of a new, punishing phase in its war with Ukraine. Months of Ukrainian drone strikes ...

The Russian oil industry is struggling under severe tax burdens, making both production and exports increasingly unprofitable ...

Four industry and trade sources told the news agency that Russia, which is one of the world's biggest producers of oil and gas, has increased gasoline imports from Belarus, reaching almost 3,000 ...

Brent crude futures climbed by 2.77%, to $64.52 a barrel, while West Texas Intermediate was up 3.19% to US$62.73 ...

A cadre of Greek shipping magnates has stepped back into the fold as the go-to distributors of Moscow’s crude to the world.

But Russia's total revenue from oil exports in 2024 was $189 billion ... are delicate and complex and extremely difficult for Russian industry to replace under the current sanctions regime.

Despite Western efforts otherwise, Russia is still able to finance its aggression in Ukraine by selling oil three years after its invasion. When the war began, the global economy’s dependence on ...