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Articles with tag "Oil"

Did the Mideast Conflict Just Rescue Russia’s War Budget?

Despite the surge in Russian oil prices, analysts caution that this boost in revenues is unlikely to fully reverse Russia’s economic woes.

Indian Firms Snap Up Russian Oil Cargos Amid Mideast Supply Crisis – Bloomberg

Indian companies have bought up nearly all Russian crude available on the spot market after the U.S. granted India a temporary waiver to purchase it.
2 Min read

Low Oil Prices, Strong Ruble Squeezed Russia’s Budget in February

Experts said the recent surge in oil prices due to the Middle East conflict would not materially affect Russia's March revenues.
3 Min read

India Says It Will Continue Buying Russian Oil, Rejects Need for U.S. Permission

India’s Press Information Bureau insisted that New Delhi was not dependent on “a short-term waiver” to buy Russian oil.
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U.S. Grants Temporary Waiver to Allow India to Buy Russian Oil as Iran War Jolts Energy Markets

Treasury Secretary Scott Bessent said the sale to India would “alleviate pressure caused by Iran's attempt to take global energy hostage.”
2 Min read

Russian Oil Tankers Re-Route to India Despite U.S. Tariff Threats – Bloomberg

The change of course comes amid turmoil in global energy markets as the war in the Middle East widens with no end in sight.
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Russia to Free 2 Hungarian-Ukrainian POWs, Putin Says

The Kremlin leader claimed that Ukraine “forcibly conscripted” the two men and that he personally made the decision to release them.
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Finance Ministry Suspends March FX and Gold Operations to Adjust ‘Budget Rule’

Analysts described the move as “unexpected” since market participants believed the recent rise in oil prices would delay a planned revision of the...
2 Min read

British Court Allows Yukos Shareholders to Pursue Russian Assets in $65Bln Dispute

The decision marks the latest step in a two-decade effort by investors to obtain compensation following the collapse of Yukos.
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Oil Jumps Above $82 After U.S.-Israeli Strikes on Iran, Boosting Outlook for Russia

For Russia, a sustained rise in oil prices could provide a significant fiscal boost as Moscow continues to finance its war in Ukraine under Western sanctions...
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Ukraine Hits Key Russian Oil Terminal After U.S. Warning

Ukraine’s General Staff has previously said the Sheskharis oil terminal supports Russian forces fighting in Ukraine.
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OPEC+ Boosts Oil Output Sharply Amid Iran War Escalation

Key producers including Russia agreed to an 'adjustment' of 206,000 bpd starting in April.
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Russia’s Energy Revenues Down 27% From Pre-War Levels – Analysis

In total, Russia earned 193 billion euros from energy sales over the past year, of which 14.5 billion euros came from the European Union. 
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FT Uncovers Network of Shell Firms Exporting $90Bln in Sanctioned Russian Oil

The network was discovered because all of them use the same private email server, the FT said.
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Oil Supplies to Hungary and Slovakia Halted After Damage to Druzhba Pipeline

There have been no Russian oil deliveries to Hungary and Slovakia in February, Bloomberg reported.
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Saudi Firm Signs Preliminary Deal to Buy Lukoil’s Overseas Assets – Reuters

The agreement was signed in late January amid what one source described as a “heated battle with competitors.” 
2 Min read

Russia Expected to Supply Cuba With Oil as 'Humanitarian Aid'

The Russian Embassy in Cuba said that "as far as we know, Russia is expected to supply oil and petroleum products to Cuba as humanitarian aid in the near...
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Ukrainian Strikes Cost Russian Oil Sector Over $13Bln in 2025, Insurers Say

Bloomberg calculated that Ukraine carried out 120 attacks on Russian energy facilities in 2025.
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Russia’s January Budget Deficit Hits Nearly Half of Annual Target

The budget deficit widened even further as oil and gas revenues fell by 50% to a five-year low.
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Putin Touts Energy Ties With China After Trump Says India May Halt Russian Oil Imports

The talks came two days after Trump announced he would lower tariffs on Indian goods in exchange for New Delhi halting purchases of Russian oil.
2 Min read
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