By now, the Russian euphoria that greeted improved relations with Washington this spring has diminished, but many Russian ...

The group's decision has triggered a supply surge, despite crude oil sliding to the low-$60s per barrel - and U.S. shale producers are "feeling the squeeze," economists at Allianz Research, led by ...

A staged reading of Cassandra -- the iconic poem by Ukrainian literary legend Lesia Ukrainka -- takes place in the Ukrainian ...

Urals brand oil is currently the cheapest it has been since 2023. The head of Russia's Central Bank warned that falling oil ...

The EU reduced annual imports of Russian gas by over 70% between 2021 and 2023, dropping from 150 billion to 43 billion cubic ...

The issue of Russian gas shipments to Europe is being discussed at talks between Russia and the United States, state news ...

Due to sanctions and falling oil prices, the Russian economy has begun a gradual transition from stagnation to recession.

Russia had originally projected an additional 1.8 trillion rubles in oil and gas revenue would be funneled into the wellbeing ...

The Russian government intends to use 447 billion roubles from its fiscal reserves to balance the 2025 budget after a significant deficit increase. Finance Minister Anton Siluanov confirmed no plans ...

The OPEC+ oil cartel, which is de facto led by Riyadh, has increased production—causing barrel prices to hit a four-year low.

Russia has relied on an oil-purchasing deal with China to help keep its economy afloat while it wages its long-running and ...

After years of reducing its reliance on Russian gas, the European Union is moving to turn off the taps completely within the ...