US sanctions on big Russian oil firms are having their intended effect, Treasury official says

The sanctions were intended to force Russian President Vladimir Putin to the negotiating table and bring an end to the war ...
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Russia’s oil reserves may last only 25 years

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 ...

Explainer: How US sanctions on Russian oil majors will impact the rouble and economy

Here is a look at how U.S. sanctions on Russian oil firms Rosneft and Lukoil, which take effect at 1701 GMT on Friday, may ...

Sanctions Blight Arctic Route to China for Russia’s Oil Shippers

Russia’s oil shipments through the Arctic Ocean are encountering increasing delays because of US sanctions, a fresh example ...

Abu Dhabi hosts oil summit as OPEC+ halts production hikes planned for first quarter of 2026

Abu Dhabi hosts a major oil summit Monday, just after OPEC+ and its allies announced they would halt planned production increases for early 2026. This decision comes amid new oil sanctions from ...