Russia, India sign largest oil deal in history, Reuters reports
Worth $13 bn annually, this landmark contract underscores deepening Russia-India energy ties amid global sanctions
Browsing Tag
oil
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Bloomberg: US considers new Russia oil sanctions to weaken Putin ahead of Trump presidency
The White House is weighing new sanctions targeting Moscow's vital oil trade, despite longstanding concerns about global energy market disruption.
Reuters: Sanctions talks stall as Czech-Slovak oil exemption sparks debate in EU
Two EU states block the latest sanctions, arguing over timelines for companies to exit Russian investments.
Fire rages for week following Ukrainian strike on Feodosia oil terminal in Crimea
The largest oil terminal in Crimea, located in Feodosia, was nearly wiped out after a Ukrainian strike.
EU Commission President Ursula von der Leyen: Not all EU countries have abandoned Russian fossil fuels since 2022
In a recent statement, European Commission President Ursula von der Leyen underscored the EU's substantial progress in decreasing dependence on Russian energy, highlighting a 90% drop in oil imports.
“War tax” on Russian LNG is key to starving Kremlin’s war chest
As Russia's military budget swells to nearly 8% of GDP, policy analysts urge the EU to implement a targeted customs duty on Russian LNG imports
Russian oil product exports rebound in September
Russian oil product exports surged by nearly 10% in the first half of September, hitting 2.2 million barrels daily.
Five arrested in Ukraine for helping Russia restore drone-damaged refineries
SBU arrested five officials from a Kyiv-based oil research institute for collaborating with Russia, who allegedly provided project documentation and remote support to restore Russian oil refineries, damaged by Ukrainian drones.
Russo-Ukrainian War, day 921: Massive drone strike hits Russian energy objects in 16 regions
The incident occurs as Ukraine continues to face intense Russian offensive operations, particularly in the Pokrovsk sector of Donetsk Oblast.
Russian crude exports from country’s western ports plummet
Russian crude exports from Baltic and Black Sea ports dropped to 1.8 million barrels per day in July, a 19-month low.
Russo-Ukrainian War, day 887: Ukraine receives Haenel MK 556 rifles and Leopard 1A5 tanks from Germany
These new assets come at a critical time, as Ukrainian forces have been making small gains in Zaporizhzhia Oblast, where an estimated 90,000 Russian personnel are present, according to the latest ISW report.
European Commission stalls on Hungary-Slovakia request over Ukraine’s Lukoil sanctions
The European Commission has delayed its decision on Hungary and Slovakia's plea for EU intervention in their dispute over Ukraine's Lukoil sanctions, with both countries, exempt from the EU-wide Russian oil ban. No EU member states reportedly support their position.
European nations unite to combat Russia’s sanction-evading oil fleet – Bloomberg
The UK and several European nations are set to launch a coordinated effort to target Russia's 'shadow fleet' of oil tankers, aiming to tighten sanctions enforcement.
June sees 4-month low in Russian oil export earnings
Russia's oil export revenues fell to $16.7 billion in June, a 4-month low, due to decreased crude and petroleum product exports, yet annual earnings increased by nearly 23%, Bloomberg says.
Ukraine aims to boost oil production by 50% amid ongoing war
Ukraine's largest oil company plans to increase production by 50% by 2028, defying the challenges posed by ongoing Russian aggression.
Russo-Ukrainian War, day 858: Zelenskyy says Ukraine expects strong defense commitments from NATO at Washington summit
he Ukrainian leader emphasized that if the Alliance doesn't extend an invitation for Ukraine to join, it must provide the country with the necessary weapons to defend against Russian aggression.
Big Oil finances Putin’s war crimes and Trump’s political ambitions
Recent findings suggest that Big Oil has been channeling funds into Putin's regime and Trump's political coffers, supporting Russian aggression in Ukraine and efforts to secure favors for the fossil fuel industry.
Ukraine strikes on Russian oil refiners successfully cripple Russian war machine, experts say
These attacks, which have reduced Russia's oil-refining capacity by 14 percent, push Moscow to rely more on crude oil exports, potentially lowering global oil prices, not raising them.
Drones attack oil refinery in Russia’s Kaluga Oblast
The oil refinery in Kaluga was last attacked on 15 March.
European Council approves law introducing criminal penalties for sanctions violations amid Russia’s weapons trade
The new law aims to strengthen enforcement measures against entities involved in circumventing restrictions.