Russia’s oil exports hit a wartime record—its income didn’t
More tankers sail, but their Russian cargoes are worth less.
Browsing Tag
global oil prices
16 posts
Russian refining output fell 9.2% in April as Ukrainian drone strikes hit fuel plants
Moscow stopped publishing fuel output. Rosstat’s own index registered the drop regardless.
Russia hit a record oil revenue month—yet the federal budget still came up short
Sberbank’s CFO forecasts the ruble will fall to 90 per dollar. Three ports already show 13–43% drops.
The Gulf realigns as the UAE walks out of OPEC
Less oil money for Moscow. The architecture is fracturing—but no Kremlin collapse.
Senate Democrats challenge Russian oil waiver—Moscow revenues hit two-year high
A Delaware senator walked the Treasury Secretary through the loop. The March oil numbers closed it.
Oil jumped 8% as Trump’s Hormuz blockade undid the ceasefire crash
Talks collapsed in Pakistan. A naval blockade replaced a truce. For Russia’s war revenues, the brief window of relief is over.
Two weeks of someone else’s war earned Russia more than a month of someone else’s sanctions cost it
Zelenskyy says the windfall—compounded by US sanctions relief—gives Putin more room to keep fighting.
Iran threatened to close Hormuz. That was enough.
When a strait closes on paper, prices move as if it has closed for real.
Oil swings $30 in a day as Iran turns Hormuz into a diplomatic weapon
From $120 to $90 in 24 hours: Iran named its price for reopening the world’s most critical energy chokepoint.
Brent at $100, Urals at $91: the Iran war handed Moscow its best oil week in years
Washington is fighting Iran and bankrolling Moscow at the same time.
Ukraine offers drone defense expertise to Middle East after years of fighting Iranian drones in Russia’s war
Iran has launched 800 missiles and 1,400 drones already.
US strikes Iran—oil prices set to spike, Kyiv could feel ripple effects. But not all is bad
Global oil prices are set to jump $3–5 per barrel when markets open after the US strike on Iran, Ukrainian fuel expert Dmytro Lioushkin says.
Did 2025 break Russia’s oil revenue model? (INFOGRAPHIC)
Kremlin budgeted for $70 oil. Ukrainian strikes and Western sanctions ensured it got $35.
Russia can’t rebuild its oil capacity—and the global market will feel it (INFOGRAPHIC)
Deutsche Bank sees a 2 million-barrel surplus in 2026, but chronic funding gap sets up a post-2027 supply shock.
US sanctions ignite $22B Lukoil asset fire sale
Exxon and Chevron circle Iraq and Kazakhstan assets as markets worry about oversupply.
Russia resumes oil exports at Novorossiysk after two-day shutdown caused by Ukrainian air assault
Crude shipments restart at the Black Sea port as tankers Arlan and Rodos load cargo despite recent damage, Reuters sources said.