The U.K. sanctioned a vital figure in Russia’s oil trade, stepping up economic pressure on Moscow to strengthen Ukraine’s ...

Russia's oil price in roubles has fallen to a two-year low below the 4,000 rouble per barrel mark and some 40% lower than ...

The Urals brand oil is currently the cheapest it has been since 2023. The head of Russia's Central Bank has warned that ...

Due to sanctions and falling oil prices, the Russian economy has begun a gradual transition from stagnation to recession.

Tumbling oil prices dragged the value of Russia’s crude exports to the lowest in more than two years, forcing the Kremlin to ...

Britain on Friday announced a package of sanctions aimed at Russia, including placing asset freezes on several directors of ...

The UK government has announced sanctions against 100 Russian oil tankers belonging to the so-called shadow fleet that are ...

The OPEC+ oil cartel, which is de facto led by Riyadh, has increased production—causing barrel prices to hit a four-year low.

New data has suggested that Russian oil and gas revenue has seen a slump. Money raised decreased by more than 10% year on ...

Russia has relied on an oil-purchasing deal with China to help keep its economy afloat while it wages its long-running and ...

Some Indian refiners are planning to take more Russian crude from the spot market this year, with at least one processor ...

Sen. Lindsey Graham (R-S.C.) is pushing ahead with his plan to impose new sanctions on Russia and tariffs on countries that ...