New oil well drilling in Russia has accelerated to the fastest in five years despite the recent oil price decline, Bloomberg has reported, suggesting the pick-up in activity anticipates a further ...

Russia’s oil producers have been drilling wells at a pace not seen in at least five years as the nation readies for both a loosening of OPEC+ output limits and the possibility of relief from ...

Kremlin spokesperson blamed Kyiv for "failing to reciprocate" by allegedly attacking a Russian oil facility in Krasnodar Krai, however the Russian forces also launched a massive attack at Ukraine ...

Traders and buyers have reshuffled tanker supply chains following the U.S. sanctions on Russia’s oil trade and shadow tanker fleet from early this year. China and India are taking in more ...

Three more Russian insurers, including a subsidiary of top lender Sberbank, have asked India for approval to provide marine insurance for oil shipments sent to Indian ports, two sources with ...

Follow Bloomberg India on WhatsApp for exclusive content and analysis on what billionaires, businesses and markets are doing. Sign up here. Four new Russian companies have sought India’s ...

Brendan Cole is a Newsweek Senior News Reporter based in London, UK. His focus is Russia and Ukraine, in particular the war started by Moscow. He also covers other areas of geopolitics including ...

The share of Opec oil in India's imports fell to a record low in fiscal year 2024-25 as refiners continued to gorge on cheaper oil from Russia, the top oil supplier to New Delhi for the third straight ...

India’s imports of Russian crude oil climbed to 2.15 million barrels per day in April 2025, marking the highest monthly volume since May 2023, Bloomberg reported on April 22, citing data from ...

Russia's economy ministry has significantly lowered its forecast for Brent crude prices in 2025, indicating potential economic challenges ahead. The Urals, Russia's main oil blend, plays a pivotal ...

Russia downgraded its outlook for exports this year and lowered expectations for the price for its oil, developments that may force the government to dip into its wealth fund to cover wartime ...

The Czech Republic has declared itself fully independent of Russian oil supplies in a further blow to Russia's beleaguered economy. Czech government officials said it was the first time in its ...