Revenues of Russia's state sector from oil and gas are likely to fall almost by half in December 2025 compared with the previous year – down to RUB 410 billion (US$5.17 billion) – due to lower crude prices and a stronger rouble.

Russian state oil and gas revenue is likely to almost halve in December compared with a year ago to 410 billion roubles ($5.17 billion) as a result of lower crude prices and a stronger rouble, Reuters calculations showed on Friday.

At least three oil tankers have been hit by explosions in what appears to be a stepped up unilateral effort by Ukraine to sink Russia's sanctions-dodging oil sales.

Russia's oil and gas revenues are projected to plunge by nearly 50% in December to a five-year low of $5.15 billion, driven by falling international oil prices, a stronger ruble, and widening discounts on Urals crude following U.

Russian oil refining, gas and coal production will remain broadly unchanged in 2025 compared to 2024 levels, the energy ministry said on Thursday, despite repeated waves of Ukrainian drone attacks on energy facilities.

Meanwhile, Ukraine continues to strike Russia’s oil refineries and export ports, while Moscow keeps up its bombardment of Ukraine’s gas and power infrastructure. The attacks show no sign of easing while a breakthrough in the US-led peace plan remains elusive.

Despite Russia's previous support for Assad, Russian influence in Syria not only endures thanks to energy ties but has expanded and formalized.

Oil prices fell on Thursday as investors focused on Russia-Ukraine peace talks and eyed large surpluses in U.S. gasoline and diesel inventories.

India’s imports of Russian crude are expected to plunge to a near four-year low early next year, after months of US pressure. As workarounds emerge and the Kremlin cranks up its own charm offensive, however,