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Ukrainian Drones Damage Ust-Luga Port Again

Ukraine has struck Baltic Sea ports multiple times over the past week in a bid to deprive Russia of windfalls from soaring oil prices.

Russia Faces Fuel Production Crunch After Ukraine Hits Baltic Export Hubs – Reuters

The disruption has hit Ust-Luga comes as refiners face mounting difficulties shipping fuel oil, a product with little domestic demand that must be exported...

Georgia’s Only Refinery to Replace Russian Crude With Turkmen, Kazakh Oil

The strategic shift comes nearly a month after the Kulevi oil terminal on the Black Sea coast narrowly avoided being added to an EU list of sanctions...

South Korea Revives Naphtha Imports From Russia Amid Looming Shortage

LG Chem bought 27,000 metric tons of naphtha, South Korean media reported, with shipments expected to arrive on Monday.

Russian Oil Tanker Arrives in Cuba After Trump Shrugs Off His Own Fuel Blockade

The U.S. president said Sunday that Washington would not oppose shipments of oil to the crisis-stricken island, including from Russia.

Russia Drops Budget Cut Plans as Oil Price Surge Boosts Revenues – Bloomberg

Authorities could channel the windfall oil revenues into spending on the war in Ukraine, Bloomberg’s sources said.

Forget Discounts – Russian Oil Is Now Selling at a Premium, Deputy PM Novak Says

“We’ve moved from a discount to either no discount or, in some cases, even a partial premium,” Deputy Prime Minister Alexander Novak told reporters...

Major Oil Refinery in Leningrad Region Reportedly Damaged in Ukrainian Drone Strike

Authorities said that an industrial site was damaged in the Kirishky district, which is home to the Kirishinefteorgsintez oil refinery.

Ukrainian Drone Strikes Halt at Least 40% of Russia’s Oil Export Capacity – Reuters

The shutdown, which Reuters called the "most severe oil supply disruption" in modern Russian history, comes as global energy markets tightened due to the...

Russian Energy Minister Confirms Oil Shipments to Cuba

“We are sending humanitarian aid. We are providing humanitarian support,” Energy Minister Sergei Tsivilev told reporters.

Ukraine Hits Ust-Luga Oil Terminal in Largest Overnight Drone Attack of the Year

Authorities said firefighters were battling a blaze at the Baltic Sea port, which can handle around 700,000 barrels of oil exports per day.

EU Delays Proposal to Permanently Ban Russian Oil

EU Commission energy spokeswoman Anna-Kaisa Itkonen said a new date to unveil the proposed ban has not yet been determined, but stressed that Brussels...

Tanker Reportedly Carrying Russian Oil Arrives in Crisis-Struck Philippines

Ship tracking data showed that the Sierra Leone-flagged tanker, Sara Sky, reached the Limay anchorage in Manila Bay on Monday afternoon.

Russia Pauses Budget Rule Changes as Oil Price Spike Eases Pressure – Reuters

The spike in prices has given Moscow breathing room after a steep drop in energy revenues earlier this year.

Putin Urges Oil and Gas Companies to Use Iran War Windfall to Pay Off Bank Loans

The surge in oil prices is generating as much as $150 million in additional revenue for Russia’s state budget each day, according to estimates by the...

Ukraine Strikes Primorsk Port in Northwestern Russia, Damaging Fuel Reservoirs

Industry sources told Reuters that Primorsk port, one of Russia’s largest oil export hubs, had suspended operations on Monday.

Vietnam, Russia to Sign Energy Deal as PM Leaves for Moscow

Vietnam's prime minister left for an official visit to Russia during which the two nations will sign several agreements.

Russia’s Oil Discounts to China Cost Billions Despite Price Surge, Study Finds

The total value of discounts granted to Chinese refineries reached $2.2 billion in 2025, analysts at the Gaidar Institute said.

France Seizes False-Flagged Oil Tanker Coming From Russia

Emmanuel Macron said France “will not allow” so-called “shadow fleet” ships to “line their pockets while helping finance Russia’s war effort...

Lukoil Reports $12Bln Loss in 2025 as Sanctions Force Foreign Asset Write-Off

The company said it has written off investments in its international business, Lukoil International, and estimated the cost at $20.2 billion.

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