Russia's oil output down 2.8%, gas production up 7.6% in 2024, deputy PM says
Russia's oil and gas condensate production reached 516 million metric tons, or 10.32 million barrels per day, in 2024, Deputy Prime Minister Alexander Novak told the energy ministry's in-house magazine on Thursday,
Russia’s Oil Production Slipped 2.8%, Gas Output Rose 7.6% in 2024
Russia pumped 2.8% lower volumes of crude oil and condensate in 2024 from a year earlier, while its natural gas production rose by 7.6%
Russian boosts gas production as oil output drops
State run gas giant Gazprom spearheads increase in gas production in 2024 as it re-takes a larger share of the domestic market.
Russia's oil and gas reserves grow amid war in Ukraine
Oil and condensate reserves increased by 592 million tons and natural gas by 708 billion cubic meters, surpassing the previous year's production levels of 516 million tons and 685 billion cubic meters respectively.
Ukraine Strikes Second Major Russian Oil Refinery in a Week
Ukraine has targeted two of Russia's oil refineries in drone strikes in an effort to bankrupt their ability to continue funding the war.
Russia-Ukraine war: Russia tightens grip on Ukraine's Pokrovsk
Russian forces are encircling the strategic eastern Ukrainian city of Pokrovsk, compromising Ukraine's supply lines and steel production. Watch this report for more details!
Putin under pressure as Ukraine drone attack hits Russian oil depot
Ukrainian forces have launched new drone strikes on Russia, targeting an oil depot in the southern Krasnodar region.
Crude Oil Prices14h
Russia’s Crude Oil Exports to EU via Ukraine Dropped 15% in 2024
The southern Druzhba route via Ukraine saw total Russian oil flows to the EU member states decline by 15% to 11.5 million ...
Russian Budget’s Oil Revenue in January Close to One-Year Low
Russia’s proceeds from oil in the state budget in January were near a one-year low due to weaker global crude prices and ...
Kellogg said that Trump intends to strengthen sanctions against the Russian oil sector.
The administration of US President Donald Trump considers sanctions against the Russian oil sector insufficient and is ...
Oil prices to see little upside as weak demand, supply glut concerns persist
Sluggish demand from China and oversupply worries will keep oil prices anchored below $80 a barrel this year, a Reuters poll ...
Ukrainian Drone Surge Highlights Russian Oil Refining Risk
Russia’s ability to keep making fuel at the normal pace is looking increasingly precarious following a surge in Ukrainian ...
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Russia’s Costly Conquest in Ukraine
He is the author of Does Conquest Pay? The Exploitation of Occupied Industrial Societies. Today, about 20 percent of ...
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Trump Threatens to Strangle Russia’s Economy with an Oil Price Collapse. Is He Bluffing?
In recent weeks, U.S. President Donald Trump has stressed the importance of high oil prices in Russia’s ability to wage war ...