A deal by a state-owned Russian oil company Rosneft and others to buy India's Essar Oil for $12.9 billion does not run afoul of U.S. sanctions on Russia, the State Department said.

• October 20, 2016

The Russian government's sale of a controlling stake in mid-sized oil firm Bashneft to the country's largest oil producer Rosneft should give momentum to Russia's privatization drive, President Vladimir Putin said on Wednesday.

• October 12, 2016

Oil prices jumped as much as 3 percent on Monday, with Brent hitting one-year highs, after Russia said it was ready to join OPEC in curbing crude output and Algeria called for similar commitments from other non-OPEC producers.

• October 10, 2016

Russia said on Wednesday it was suspending its nuclear and energy research agreement with the United States as a countermeasure against Washington for imposing sanctions on Russia over Ukraine.

• October 5, 2016

Energy ministers from Saudi Arabia, Iran and Iraq will be among representatives of key OPEC producers meeting Russian officials for informal talks on oil output in Istanbul next week, OPEC sources and the Russian energy minister said on Thursday.

• October 5, 2016

Russia said on Friday that it was resuming the shelved privatisation of oil firm Bashneft, in a sign of how anxious the Kremlin is to raise money to fill holes in the budget left by the economic slump.

• October 3, 2016

Russia said on Friday that it was resuming the shelved privatisation of oil firm Bashneft, in a sign of how anxious the Kremlin is to raise money to fill holes in the budget left by the economic slump.

• October 1, 2016

Iran has kept to a nuclear deal it agreed with six world powers last year limiting its stockpiles of substances that could be used to make atomic weapons, the head of the International Atomic Energy Agency (IAEA) told French daily Le Monde.

• October 1, 2016