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

Historically, giant commodity traders such as Switzerland's Vitol, Glencore, and Gunvor as well as Singapore’s Trafigura have ...

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

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

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

It was a bit more than six months ago when the G-7 announced a novel plan to try and cap the price of Russian oil worldwide.

Russian Deputy Prime Minister Alexander Novak said on Tuesday that Russia will continue a 500,000 barrels per day oil ...

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

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

A report by the International Energy Agency last week showed that Russian crude oil and petroleum products sold for less than ...

The G7 was due in mid-March to revise the price cap put in place in December, but the officials said EU countries' ...