Russia's oil transit through Ukraine's pipeline system declined by 15% in 2024 to 11.5 million metric tons (230,300 barrels ...

Russia’s proceeds from oil in the state budget in January were near a one-year low due to weaker global crude prices and ...

A senior official claims that Ukrainian long-range drones have struck one of Russia’s biggest oil refineries for the second ...

Videos showed fireballs over a facility in Ryazan, 110 miles southeast of Moscow. Kyiv is seeking to disrupt Russian military ...

Russia appears to be "addicted" to military spending to keep its economy propped up, a think tank said this week.

The reported strike comes two nights after Ukrainian forces launched a joint attack against the refinery that allegedly ...

Ukraine said on Friday it had struck a Russian oil refinery and a microchip factory in a huge drone attack that caused fires ...

State run gas giant Gazprom spearheads increase in gas production in 2024 as it re-takes a larger share of the domestic ...

A new drone bomber may have joined Ukraine’s escalating assault on Russia’s oil industry. On Wednesday night or early ...

The Volgograd refinery — one of the biggest oil-processing facilities in Russia — produces almost 300,000 barrels a day.

Russian refineries are processing more crude oil in the hope of boosting fuel exports after new U.S. sanctions on Russian ...