Despite sweeping Western sanctions, Russia has steadily exported oil to countries outside the sanctions coalition. India and ...

The share of OPEC oil in India's imports fell to a record low in fiscal year 2024-25 as refiners continued to gorge on ...

Russia downgraded its outlook for exports this year and lowered expectations for the price for its oil, developments that may ...

Russia's Economy Ministry has revised its oil price forecast downward for this year and the next two years, reflecting ...

Russian oil is trading at about $50 a barrel. That's well below Moscow's forecasts, but not low enough to force Vladimir ...

But Russia's total revenue from oil exports in 2024 was $189 billion ... are delicate and complex and extremely difficult for Russian industry to replace under the current sanctions regime.

The lower revenues, a result in part of President Trump’s trade war, could prove more damaging to the Russian economy than ...

Russia, the world's second biggest oil exporter and the second largest natural gas producer, sees stable crude production and ...

The proposed tariffs, which range from 25 to 50 percent, would not directly target Russia but would penalize foreign countries that continue trading with it.

European oil traders are weighing when to re-enter Russia’s markets with some predicting Moscow will seek to maintain increased control of its oil exports even if western sanctions are lifted.