Russia is preparing to exploit Antarctica for oil, a senior British politician has warned, as he accused Vladimir Putin of ...

Either way, Russia's reserves of resilience and ingenuity look set to be severely tested." A Ukrainian serviceman carries a drone during an anti-drone drill in Chernihiv region on November 11, 2023.

Russia, with its aging fields, should be wary of that fate. Share of World Oil Production The map of the world’s crude output has seen dramatic shifts throughout the petroleum era.

Russia’s invasion of Ukraine made the country a pariah in the global energy market. Since the war started, a de facto embargo on Russian oil has emerged, with oil companies, trading houses ...

Russia wants to sell more oil and coal to China and India, but Western sanctions may make that hard unless Russia offers deep discounts on the price. By Keith Bradsher BEIJING — Last year, the ...

Russia, the world's second-largest crude oil exporter after Saudi Arabia, fully replaced its oil and natural gas reserves in 2023 helped by ample discoveries of new fields, the state commission on ...

Russia’s tight oil will play an increasingly important role in its oil output, underpinned by the fact that 20 percent of its current reserves already belong to the “tight” category.

Vostok Oil, a vast patch in Russia’s far north, faces setbacks as Western sanctions impede its access to cash and technology.

Russia has discovered huge oil reserves in British territory in Antarctica, according to evidence submitted to the U.K. House of Commons Environment Audit Committee (EAC). The reserves uncovered ...

Russia is hoping the Bazhenov shale formation in western Siberia, the largest in the world, will help it defend its title as the world’s top producer of crude oil for decades to come.