The discovery of massive oil reserves in Antarctica at a time when Moscow's relations with the West are highly strained due ...

Crude oil futures firmed up gains for the week on prospects of potential US sanctions on Russian oil and reports that OPEC+ ...

Russia has traditionally been one of the world leaders in natural gas reserves, with about a fifth of them located in our country. According to preliminary data from Rosnedra in 2024, this is 63.5 ...

When it comes to oil importers, the US and China are the top two. Despite having their own oil reserves, their huge energy ...

A disruption to global oil flows could send prices higher. That would be good news for Russia, with oil being a key lifeline to sustain its war in Ukraine.

Interfax reported that Alexander Novak, Deputy Premier, said on Friday that Russia will compensate in August and September for ...

The top 10 countries account for a major share of the world’s proven reserves. Countries such as Saudi Arabia, UAE, Kuwait, US and Russia have conventional light crude while the likes of Venezuela and ...

Russia targeted Ukraine with a record 728 drones overnight, shortly after U.S. President Donald Trump pledged to send more ...

The Front Tyne oil tanker was sailing through the Gulf between Iran and the United Arab Emirates on Sunday when just past ...

Despite the resilience that Russia's economy has been projecting over the past few years, there are signs of a sharp slowdown ...