Russia's budget was initially based on $70 per barrel expectations, but experts later cut that to $58, with a modest rise to $59 projected for 2026. Even so, officials anticipate a 20% drop in oil and ...

Belarus and Russia have finalized the terms for the functioning of the oil refining sector for the medium term, Belarusian Prime Minister Aleksandr Turchin told the media following his report to ...

Sir Keir Starmer has said the UK’s missile plan is “accelerating” in a bid to support Ukraine in its fight against ...

Viktor Karankevich and Alexander Novak discussed matters of Belarus-Russia cooperation in fuel and energy complex.

The European Union finally approved the 19th package of sanctions against Russia by written procedure on the morning of 23 ...

Together, oil (33 percent) and natural gas (24 percent) account for more than half of Europe’s energy supply. Coal ...

The move came after EU countries on Wednesday approved a 19th package of sanctions on Moscow for its war against Ukraine that ...

The European Union has agreed on a new raft of sanctions against Russia targeting its shadow fleet of oil tankers and banning ...

Soaring fuel prices and refinery shutdowns leave pumps empty across Russia, with the Kremlin warning gas station owners not to raise prices.

Polish Foreign Minister Radoslaw Sikorski said that if a plane carrying Putin ends up in Polish airspace, it could be ...

MOSCOW, Nov 26 (Reuters) - Belarus has proposed to increase a tariff it charges Russia for oil transit to Europe by a quarter, raising the stakes in oil supply talks complicated by political upheaval ...

Hungary is working on finding a way to circumvent U.S. sanctions on Russian oil companies, Prime Minister Viktor Orban said ...