Russia's oil price in roubles has fallen to a two-year low below the 4,000 rouble per barrel mark and some 40% lower than ...

Due to sanctions and falling oil prices, the Russian economy has begun a gradual transition from stagnation to recession.

Oil prices play a crucial role in Russia's budget and the Russian economy overall, but Russian national interests take ...

Urals brand oil is currently the cheapest it has been since 2023. The head of Russia's Central Bank warned that falling oil ...

Russia has relied on an oil-purchasing deal with China to help keep its economy afloat while it wages its long-running and ...

New data has suggested that Russian oil and gas revenue has seen a slump. Money raised decreased by more than 10% year on ...

A price drop benefits any country seeking to cut its fuel bill. But in oil producing nations, lower prices can feed economic ...

Russia is considering changing its key budget-building mechanism in response to sliding oil revenue, in a sign the Kremlin ...

US President Donald Trump said that with a decline in oil prices, Russia is becoming more inclined to resolve the conflict as ...

The OPEC+ oil cartel, which is de facto led by Riyadh, has increased production—causing barrel prices to hit a four-year low.

"I think Russia, with the price of oil right now, oil has gone down, we are in a good position to settle, they want to settle ...

The Russian government plans to use its fiscal reserves for 447 billion rubles ($5.51 billion), or about one-tenth of its ...