The European Union on Friday agreed an 18th package of sanctions against Russia over its war in Ukraine, including measures ...

As if that weren't enough, Rosneft is also in the process of acquiring BP's 50% stake in TNK-BP, Russia's third-largest oil company for $17.1 billion in cash and 12.8% of Rosneft's shares, for a ...

European Union member states have approved a new round of sanctions against Russia over its war in Ukraine, featuring an ...

Fossil fuel revenues form the backbone of Russia's economy, which has been buffeted by sanctions following Vladimir Putin's ...

European Union states have approved a fresh sanctions package on Russia over its war against Ukraine, which includes a ...

Around one-third of Russia's seaborne oil exports—making up some 1.5 percent of global supply—pass through this route. Moscow's flagship Urals oil is shipped from the ports of Primorsk and Ust ...

The global oil map is being redrawn as the long-run impact of western sanctions channels more barrels from Russia to Asia’s largest economies, with China also taking crude from Iran and Venezuela.

Oil exports make up about 30 percent of the country’s budget revenue and have been key in propping up Russia’s war machine three years into the full-scale invasion of Ukraine.

Nearly all of Russia’s oil production will consist of the so-called hard-to-recover crude reserves unless the country speeds up and incentivizes exploration, Russia’s Deputy Energy Minister ...

Even as Russia continues producing about 10 million barrels of oil per day — making it the world’s third-largest producer, after the United States and Saudi Arabia — the European oil ban and ...

Russia is one of the world’s largest oil producers. According to the 2021 BP Statistical Review of World Energy, in 2020 Russia produced 10.1 million barrels per day (BPD) of crude oil and ...

The European Union has approved its latest sanctions package, the 18th since the full-scale Russian invasion of Ukraine over ...