Russia is using cryptocurrencies in its oil trade with China and India to skirt Western sanctions, according to four sources ...

Global oil demand will pick up in the next months with the summer driving season, Russia's top oil official said, adding that ...

Russia has increasingly turned to cryptocurrencies to facilitate its oil trade with China and India, allowing it to bypass ...

Despite talk of allowing U.S. companies access to its resources, Russian oil will remain an unattractive investment given the political risk.

Reducing sanctions on Russia would hurt the U.S. energy industry and worsen the trade deficit. Does Donald Trump really want that?

Industry experts say Western companies will need to weigh potential access to oil and gas riches against political risks and other hazards of doing business in Russia. By Stanley Reed Reporting ...

S&P Global Commodity Insights estimates that the average break-even price for US shale producers this year is $45 per barrel ...

Ukraine claimed it hit a major oil refinery that supplies Moscow and its airports, as part of a record drone barrage ahead of ...

Vagit Alekperov is Russia's richest man who has openly admitted to having no friends outside his professional circle, having ...

Brent crude futures rose 64 cents to $70.52 a barrel by 0748 GMT, while U.S. West Texas Intermediate crude was up 71 cents at ...

Russia's light industry "is collapsing", with factories shutting down and brands fleeing abroad, according to an expert. The ...

Authorities in Kyiv have increasingly targeted Russian transportation infrastructure used to ship Russian oil and gas to ...