The Russian government is slashing budgets for major projects across a number of sectors in response to plummeting revenues ...

Behind OPEC+'s plan to ramp up oil output and punish over-producing allies, group leaders Saudi Arabia and Russia are pushing ...

but lower-hanging fruits have been picked and now the Russian oil industry has to try harder for the same outcome” in terms of production rates, Vakulenko said. Russia’s strategy seems to ...

Saudi government officials ”haven’t said they’re going to crush the U.S. oil and gas industry, but it’s a foregone conclusion ...

The decline in oil prices due to the increase in production by OPEC+ countries is aimed not only at punishing allies who ...

Trump essentially walked away from the Russia-Ukraine war yesterday, leaving it to Putin, Zelensky, and the Pope to solve, ...

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 ...

HOHHOT, CHINA - Media OutReach Newswire - 21 May 2025 - As China's largest land port, Manzhouli is expanding beyond its ...

Oil stocks have made many millionaires, but this highly cyclical industry is not without risks. Learn how to invest your money in the best oil companies.

Currently, Russia relies on fields mostly discovered and brought online in the Soviet times for around 95% of its crude and condensate output, according to estimates from Moscow-based Yakov and ...