Russia plans to increase exports from its western ports to nearly two million barrels per day in August, about 200,000 bpd ...

Russia has shipped its first naphtha cargo to Vietnam, as it looks for new buyers to support sales hit by Western sanctions, data from traders and shipbrokers showed.

Russia's Ryazan oil refinery halved its production and the Novokuibyshevsk refinery halted it completely on Aug. 2 after ...

India Oil Corporation has drastically increased its purchases of American, Canadian, and Middle Eastern crude oil to be ...

"It is unjustified to single out India," the ministry said. It said the EU conducted 67.5 billion euros ($78.02 billion) in ...

Ashok Kumar Mittal asserted that Indian industry is "competent enough" and will find "alternative ways to sell the products." ...

Russia is experiencing a deepening fuel crisis as record-high gasoline prices and damaged refineries overwhelm the government ...

India on Tuesday charged that it is being "targeted" by the United States and the European Union over its Russian oil ...

Industry experts say Western companies will need to weigh potential access to oil and gas riches against political risks and other hazards of doing business in Russia. By Stanley Reed Reporting ...

Oil and gas extraction employment is even more lucrative, with salaries above $200,000. Removing sanctions against Russia would harm the U.S. economy and worsen our trade deficit.

But Russia has regulated the industry so poorly that production is falling despite the soaring oil price. "Tax is the major impediment," Redman said.