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 ...

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

Sunflower oil production in Russia has sharply declined. Prices for most food products are also rising there, according to the Center for Countering Disinformation on Telegram. The Center for ...

OPEC+ will meet this weekend to decide December output levels, with sources suggesting a modest 137,000 bpd increase. New U.S. sanctions on Rosneft and Lukoil have injected fresh uncertainty into ...

Russia's seaborne exports are declining in November as US sanctions against the country’s two largest oil producers Rosneft ...

TINOS, Greece, July 21 (Reuters Breakingviews) - Donald Trump does not need so-called secondary tariffs to crush Russia’s oil revenues, currently running at $160 billion a year. The U.S. president’s ...

September WTI crude oil (CLU25) today is up +1.34 (+2.06%), and September RBOB gasoline (RBU25) is up +0.0328 (+1.59%). Crude oil and gasoline prices today are up sharply at 1-week highs. Concerns ...

Commercial crude oil inventories jumped 6.4 million barrels as U.S. production set new records and refinery capacity utilization rose to 89.4%.

President Donald Trump escalated pressure on Moscow on Tuesday, declaring the United States would impose tariffs and sanctions on Russia within 10 days unless significant progress occurs toward ending ...