Russian Deputy Prime Minister Alexander Novak said on Tuesday that Russia will continue a 500,000 barrels per day oil production cut until the end of June. “At the moment, Russia is close to ...

Earlier this year, Russia pledged to cut its oil production by half a million barrels per day, but analysts have been confused by the country’s strong exports.

After more than 100 years of wars, revolutions, the dissolution of the old tsarist and Soviet empires, and the discovery of the Middle East’s vast oilfields, the US and Russia are still on top.

The secretary, Antony J. Blinken, said the United States continued to view the decision announced on Oct. 5 in Vienna by OPEC Plus, a group of 23 oil-producing countries that includes Russia, as ...

The U.S. still holds the top spot and accounted for 14.5% of crude oil production worldwide last year, compared to 13.1% for Russia and 12.1% for Saudi Arabia, according to data from the Energy ...

Russia's oil exports are edging towards their highest level in four months, despite the nation's earlier promises to deliver hefty production cuts with Saudi Arabia. Russia shipped around 3.48 ...

Russia produced 9.045 million barrels of crude oil per day in July. This is 33,000 barrels per day less than in June and approximately 67,000 barrels per day above Moscow’s production target in ...

Russia is interested in increasing its oil production through projects in Venezuela, Russian deputy prime minister Alexander Novak said on Thursday, according to TASS ...

The Opec+ cartel of oil-producing nations has announced a production cut of two million barrels per day. It is a big and dramatic move from the grouping which accounts for around 44% of global oil ...

Oil prices edged up Friday as Russia announced plans to cut its production by 500,000 barrels a day starting next month, in retaliation for the price cap the United States and Europe are imposing ...