Russian oil falls below $ 60 as budget set at $ 69
The Kremlin’s war spending in Ukraine relies heavily on revenue from Urals crude, but US sanctions have disrupted the market.
Browsing Tag
oil
36 posts
Forbes: Ukraine hits oil plant, crippling 5% of Russia’s refining capacity
Ukrainian drones hit Nizhny Novgorod Oil Refinery 800 km inside Russia, showcasing expanded strike capabilities and threatening Moscow's crucial energy infrastructure.
Russia’s oil trade with China and India stalls as largest-ever energy sanctions drive up shipping costs
Russian crude oil trade to China and India grinds to halt as unprecedented sanctions trigger shipping cost surge
Russians “taught Ukraine” how to target oil refineries, military expert says
Ukraine learns from Russian tactics to target vulnerable oil refineries, as recent strikes on Ryazan's 17-million-ton facility disrupt fuel supplies to frontline regions and force production shutdown.
iStories: New US sanctions affected vessels that transported a fifth of Russia’s oil exports in 2024
India has stated it will not reduce its purchases of Russian oil, while China has yet to comment on the new sanctions.
Bloomberg: Trump team readies oil sanctions plan for Russia
The approach that Trump ultimately chooses is pivotal to the global oil market, in addition to the further development of the Russo-Ukrainian War
Oil spill devastates Black Sea: long-term impact expected to last over 20 years
Massive oil slick, caused by Russian tankers, threatens wildlife, spreads to shores across the region
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
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.
