Two weeks ago we noted that Russia was facing gasoline shortages dues to repeated drone strikes on Russian refineries. The problems, starting with outlying regions and occupied Crimea, have worsened ...

MOSCOW, Russia — Gas stations have run dry in some regions of Russia after Ukrainian drones struck refineries and other oil infrastructure in recent weeks, with motorists waiting in long lines and ...

Russia expects the oil and gas industries' contributions to the national budget this year to drop to the lowest since the pandemic of 2020 after prices for its fuels dipped and the ruble strengthened.

Gas prices dropped below an average of $3 a gallon in the United States on Tuesday for the first time in four-and-a-half years.

Russian gas company Gazprom announced today that it will hike up oil prices in Ukraine by more than 40 percent, canceling a subsidy agreement struck while ousted Ukrainian president Viktor Yanukovych ...