Russia’s proceeds from oil in the state budget in January were near a one-year low due to weaker global crude prices and ...

A senior official claims that Ukrainian long-range drones have struck one of Russia’s biggest oil refineries for the second ...

Videos showed fireballs over a facility in Ryazan, 110 miles southeast of Moscow. Kyiv is seeking to disrupt Russian military ...

Russia appears to be "addicted" to military spending to keep its economy propped up, a think tank said this week.

The reported strike comes two nights after Ukrainian forces launched a joint attack against the refinery that allegedly ...

Ukraine said on Friday it had struck a Russian oil refinery and a microchip factory in a huge drone attack that caused fires ...

Russia's Ryazan oil refinery suspended operations after an attack late last week, two industry sources told Reuters. Russia's ...

State run gas giant Gazprom spearheads increase in gas production in 2024 as it re-takes a larger share of the domestic ...

A new drone bomber may have joined Ukraine’s escalating assault on Russia’s oil industry. On Wednesday night or early ...

Denys Popovych Military expert, journalist He provided insight into the attack and its consequences. Read also: Putin ...

The Volgograd refinery — one of the biggest oil-processing facilities in Russia — produces almost 300,000 barrels a day.

Russian refineries are processing more crude oil in the hope of boosting fuel exports after new U.S. sanctions on Russian ...