All news on the topic: Oil

Since the start of its full-scale invasion of Ukraine, Russia has run a budget deficit, and a draft of the 2025 edition anticipates a shortfall of 1.1 trillion rubles (approximately $11 billion, or 0.5% of GDP).

Poorly maintained and uninsured vessels transporting up to 70% of country’s seaborne oil, says report

Despite international sanctions, petrodollars continue to flow into Russia’s budget — primarily thanks to a “shadow fleet” that ships Russian oil to buyers willing to pay prices above the $60 per barrel cap imposed by the G7+ Coalition.

Countries opposed to Moscow are spending ever more on cheap fuel made from Russian oil, according to a new analysis shared with POLITICO.

Battle ahead for Labour as it introduces higher taxes and tougher environmental rules on producers

Reduction of about a fifth of workforce in two subdivisions part of plan to slash up to $3bn in costs by end of 2025

Shares in FTSE 250 company slump 37% in early trading after Dubai-based Sidara cites geopolitical risk

Nigerian anti-crime authorities announced Wednesday they had deactivated two illegal refining sites containing two ovens, two dug-out pits, and three storage units filled with large amounts of stolen crude oil in the Konsho area of Akassa, Bayelsa State.

Tell enough kids at school they can’t play with you anymore and soon enough you’ll be the one left out.

The Nigerian government has raised alarm over the recent rise in contaminated palm oil into which middleman are allegedly adding dye, transformer oil or other harmful substances to increase their profit.

In March 2024, Russia again became the largest supplier of oil to China and India, according to a recent OPEC report.

Moscow bagged €3 billion through a sanctions loophole that allows Turkey to relabel Russian oil and ship it to the EU.