This is a very timely study of Russia's development into a global energy power from the Russian Revolution to the present day. Beginning in the late nineteenth century, Russia emerged not only as a key producer but also as one of the world's leading exporters of oil. Russia's transformation into a modern global power was connected to its ability to make use of its vast natural resources and produce energy in increasing quantities. While the development of Russia's energy industry went hand in hand with a profound socio-political and economic transformation, the book also tells the story of international cooperation and competition, transnational exchanges, and transborder interdependencies. Through energy exports, Russia shaped global energy flows and connections; at the same time, the growth of international trade impacted the views and decisions of Russian leaders, affecting the fabric of the country's foreign relations and, ultimately, the course of Russian history.

‘Russia and oil - there are few things on earth that attract more attention nowadays. With rare clarity, Jeronim Perović explores their intricate links and challenging interdependencies. Rigorous and engaging, this historical narrative opens an unusual but necessary perspective on the 21st century with its inequality, authoritarianism, climate crisis, and war.’

Alexander Etkind - author of Russia Against Modernity

‘Fuel and Power does a truly impressive job in narrating a dramatic century of Russian energy flows and their role in Russian and Soviet foreign relations. Perovic’s authoritative synthetic account is a must-read for historians and analysts of current affairs alike.’

Per Högselius - author of Red Gas: Russia and the Origins of European Energy Dependence