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An armada of tankers ferrying sanctioned oil around the globe is starting to get younger.

Russian crude oil flows to international markets continue to rise.

A fire damaged Rosneft PJSC's major Tuapse refinery on Russia's Black Sea coast early on Thursday.

The industry is facing a shortage of manpower as the full mobilization of Russia's economy for war exacerbates a longstanding demographic crunch.

Serbia is considering building more gas links with nearby countries.

Russia's budget moved back into the black last month.

Russian crude oil flows to international markets continue unabated.

Millions of barrels of Russian diesel are being temporarily stored on oil tankers.

Europe continues to lean heavily on Russia as a source of diesel.

A full European embargo on Russian energy supplies will drive inflation in the U.K. even higher than the 40-year record that it is on track to reach.