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

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

Russia is preparing to implement a more stringent gasoline export ban in the coming days, three industry sources familiar ...

Russia's FSB security service has started handing out clearance for foreign tankers to access the Black Sea ports, allowing for Kazakhstan's oil exports to resume after they were halted for nearly a ...

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

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

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

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.

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 ...