Czech Republic spends over $8 billion on Russian oil and gas
Analysts argue that the Czech Republic has alternatives to Russian oil, despite the country's continued reliance on Moscow's exports.
Browsing Tag
Russian oil
74 posts
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.
Europe must clamp down on Russian oil flows through Türkiye
The Mediterranean country has become the world's 2023 biggest buyer of Russian fossil fuels -- and the #1 player in a EU oil-laundering scheme to bypass anti-Russia sanctions
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.
Hungary, Slovakia’s request for EU talks on Ukraine’s Lukoil transit ban turned down
The EU has rejected Hungary and Slovakia's request for discussions on Ukraine's Lukoil transit ban, stating the sanctions do not impact oil transit security via the Druzhba pipeline as long as Lukoil is not the oil's formal owner.
How Ukraine’s Lukoil ban threatens Hungary’s cheap Russian oil lifeline
Ukraine's recent sanctions on Russian oil giant Lukoil have sent shockwaves through Central Europe, exposing Hungary's reliance on discounted Russian crude.
Slovakia and Hungary say Ukraine suspended transit of oil from Lukoil
In particular, Slovak oil transportation operator Transpetrol said on Thursday 18 July that deliveries from Lukoil have stopped, but deliveries from other Russian exporters are coming in.
Ukraine attacks a Russian oil refinery in the Rostov region
49 firefighters and 14 pieces of equipment are working to eliminate fire, a local Russian governor said.
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.
Russia faces fuel shortage due to refinery strikes, is being helped by Belarus
After several attacks on Russian refineries, Moscow is facing a tangible shortage of fuel. Now the needs are covered by imports from Belarus.
UK Intel: Gazprom sees biggest annual loss in 25 years due to war in Ukraine
Gazprom's failure to replace its lost European gas market will constrain profits until at least 2030, British intelligence assesses
Ukrainian drone strikes cripple over 10% of Russia’s oil refining capacity, NATO official says
Russia's increased gasoline imports from Belarus and export ban highlight the impact of Ukrainian drone strikes on its oil refining infrastructure
Reuters: US sanctions force Lukoil refinery to cut production by 40%
Russian oil refineries are reeling under Ukrainian drone strikes and sanctions limiting access to repairs
Expert: Ukraine’s persistent drone strikes could disrupt Russian war machine, trigger fuel deficit
Despite Russia's vast oil production, its ability to produce fuel shouldn't be overestimated. The number of major oil refineries is limited to 32 and at least 10 of them have already been targeted by drones. Explosions have partially or fully disrupted their work.
FT: Satellite images reveal Russia’s oil supplies to UN-sanctioned North Korea
Russia is supplying oil directly to North Korea, defying UN sanctions, in a potential 'arms-for-oil' trade, according to satellite images obtained by the Financial Times.
Russia’s Kuibyshev oil refinery lost half of its capacity after the last drone attack – Reuters
The refinery was responsible for 1.34% of Russia's total oil refining capacity, having processed 3.687 million tons of crude oil last year. It was among at least nine refineries hit by Ukraine's drones.
94 tankers violated the embargo and brought Russian oil to the EU during the last three months
68% of the oil was brought to the Laconian Gulf in Greece for transshipment, while the rest was directly exported to the EU ports amid poor sanctions management.
One more Russian oil refinery exploded last night
Locals heard explosions and saw how the fire broke out at the Novokuibyshevsk oil refinery in Russia’s Samara Oblast after a suspected drone strike
UK intel: Ukrainian drone strikes cut into Russia’s oil refining capacity
Russia bans gasoline exports for six months to stabilize domestic prices
Closing loopholes: the key to crippling Russia’s oil and gas profits
Tighter enforcement and expansion of sanctions on Russian fossil fuels could cause the Kremlin's profits to plummet up to 50% by 2030, according to the IEA.
