Oil, Russia | featured news

Rosneft is seeking to borrow up to $30 billion from China in exchange for possibly doubling oil supplies, making Beijing the largest consumer of Russian oil and further diverting supplies away from Europe.

Top oil producer Russia is on course for its highest output in the post-Soviet era this year helped by new fields after a 1.1 percent rise in the first half, Energy Ministry data showed on Monday.

Russian law enforcement officers raided the Russian offices of oil giant BP, the company said Wednesday, blasting what it called "illegal" interference in BP's work.

Exxon Mobil won a highly coveted prize in the global petroleum industry on Tuesday by striking an agreement to explore for oil in a Russian sector of the Arctic Ocean that is opening for drilling even as Alaskan waters ...

Jailed Russian oil tycoon Mikhail Khodorkovsky was sentenced to six more years in prison Thursday following a trial seen as payback for his defiance of Vladimir Putin's power.

Russia is checking papers that suggest some $4bn (£2.5bn) of state funds was stolen during the building of a big oil pipeline.

Russian-built floating reactors could be used to power the operations needed to extract fossil fuels like oil and gas in the Arctic, according to nuclear experts.