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.

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.

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.

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.

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.

Russia's revenues from exports of crude oil and refined products fell again in November due to lower export volumes and weaker prices, the International Energy Agency said on Thursday, touching their lowest level since its 2022 invasion of Ukraine.

The U.S. ‌government ​carried out its seizure ‌of the M/T Skipper off the coast of Venezuela ​on Wednesday just as a judge-signed warrant was set to expire, according to ‍the document which was ​unsealed on Friday.

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,