Oleg Kazanov, head of Russia’s Federal Agency for Subsoil Use (Rosnedra), stated that of the country’s estimated 81.6 billion tons of oil resources, only 13.2 billion tons—about 16%—are considered ...

In the early hours of November 6, 2025, a wave of Ukrainian drones struck the Volgograd oil refinery in southern Russia, marking the sixth Ukrainian drone strike on this facility and representing a ...

First Deputy Energy Minister Pavel Sorokin said Russia’s oil reserves currently stand at about 31 bln tons, of which only half are profitable KAZAN, August 26. /TASS/. Russia plans to reach oil ...

The South American country increasingly at odds with the Trump administration has the world’s largest oil reserves.

Oil prices rose on Thursday as market participants weighed the likelihood that talks to end the war in Ukraine will yield an ...

US imposes sanctions on Russia's Rosneft and Lukoil Move could force Russia to offer deeper discounts Indian buyers set to slash orders, industry sources say The U.S. Department of the Treasury's ...

Javier Blas is a Bloomberg Opinion columnist covering energy and commodities. He is coauthor of “The World for Sale: Money, Power and the Traders Who Barter the Earth’s Resources.” The US oil industry ...