Russia's oil producers have cut drilling to the lowest level in three years, denting prospects for output growth this year as tougher western sanctions and a strong rouble squeeze revenues.

Ukrainian forces carried out a major drone attack on a Russian-operated gas-drilling platform located in the Black Sea in the early hours of Thursday, March 5, inflicting casualties and damage, ...

The Russian government’s oil revenues collapsed to the lowest in more than five years in January as weaker global prices, steeper discounts for the nation’s barrels, and a stronger currency took a ...

March WTI crude oil (CLH26) on Wednesday closed up +1.93 (+3.05%), and March RBOB gasoline (RBH26) closed up +0.0673 (+3.55%). Crude oil and gasoline prices rallied sharply on Wednesday, with gasoline ...

Russia's crucial oil and gas revenues, which have sustained its war against Ukraine, have suddenly dwindled to multi-year lows as the fourth anniversary of the full-scale invasion approaches. This ...

Over 10 million barrels of Russian crude have already been bought, according to people with direct knowledge of the deals.

India has agreed to halt Russian oil purchases under a sweeping trade deal with the United States, marking a potential historic break in Moscow–New Delhi energy ties. In exchange, Washington slashed ...