Russia’s seaborne crude flows are holding strong, meaning a pledge by the Kremlin to cut the nation's production sharply has ...

Russia’s crude oil exports by sea have held above the 3 million barrels per day mark despite the EU embargo and Russia's ...

The IEA said Russia's estimated oil export revenues fell to $11.6 billion last month, down $2.7 billion from January when ...

Group of Seven Nations are not likely to revise a price cap on Russian oil this week, two European Union officials and one ...

The measure is eating into Kremlin fossil fuel export profits and exacerbating a ballooning budget deficit amid Russia's war ...

Russia is overhauling how oil companies are taxed, aiming to bolster state revenues by capturing a bigger share of crude ...

New sanctions on Russia’s oil exports have come into effect in recent months, including EU bans on seaborne oil imports from Russia and price caps on Russian oil in response to Russia’s continuing war ...

Moscow will forbid domestic companies from selling Russian oil under any price cap, and is willing to dial down production to compensate for the lost exports, Russian Deputy Prime Minister Alexander ...

Leaders of the European Union member states agreed on Thursday to continue sanctions pressure on Russia, including limiting ...

The Biden administration is fending off pressure to lower the Russian oil price cap, insisting that it is achieving its ...

EU countries on Friday agreed a cap on the global price of Russian petroleum products, ahead of a full import ban on Russian oil products that comes into force on Sunday. Ambassadors agreed to cap the ...

Moscow is poised to alter the taxation of Russian oil companies in order to increase state revenues by tapping into crude oil ...