Russia’s oil earnings sank to their lowest since mid-2023, with exports sliding for a third week and prices plunging amid a US-China trade war. Crude flows from all Russian ports in the four weeks to ...

Newsweek's map below illustrates the Russian ... This decrease in oil production not only starves Russia's ability to fund its war effort but also decreases the amount of revenue generated from ...

The Kremlin said it is doing everything possible to minimize the impact of a global oil price rout on Russia's economy.

However, she said that the U.S. must go further and immediately ban American firms, like oil service company Schlumberger (SLB) from providing services to Russia's fossil fuel sector. Last year ...

The price of Russia's oil blend in rubles so far in March is clocking in 24% below the level targeted in the federal budget for 2025 due to a stronger ruble and weaker global oil prices.

Russia reaped less money from oil taxes last month as production fell and global crude prices declined. Oil-tax proceeds dropped by more than 15 percent from a year earlier to 956.8 billion rubles ...