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Articles with tag "Oil"

Russian Far East Crude Tops $120 Per Barrel as Middle East Supply Shocks Drive Chinese Demand

The buying spree pushed the ESPO grade’s price premium over benchmark ICE Brent to record levels of $20 to $30 per barrel.

Syzran and Saratov Oil Refineries Halt Operations After Drone Attacks, Sources Say

Industry sources said the Syzran plant paused operations on Tuesday, while the Saratov refinery halted work last Friday.
2 Min read

Rosneft’s Ryazan Oil Refinery Shuts Down After Drone Attack, Industry Sources Say

The Ryazan oil refinery, which supplies Moscow with fuel, was also attacked by drones in May and July.
1 Min read
opinion Mikhail Krutikhin

Vostok Oil’s First Tanker Cannot Conceal Rosneft’s Empty Promises

Putin touts Vostok Oil as one of the world’s largest oil projects. After years of broken promises from Rosneft, the numbers still don’t add up.
5 Min read

Why the Middle East Oil Shock Failed to Save Russia’s Budget

Six months into the U.S.-Iran war, Russia’s oil windfall looks surprisingly meager despite initial predictions of a revenue boom.
3 Min read

Russia’s Bashkortostan to Sell Remaining Bashneft Stake to Rosneft

“We have a hole in the budget,” regional head Radiy Khabirov told reporters.
2 Min read

Russian Oil Refining Falls to 24-Year Low After Ukrainian Drone Strikes – Bloomberg

If eight tankers linked to the Caspian Pipeline Consortium terminal are included, July would rank as the busiest month for attacks on oil assets connected...
3 Min read

Kazakhstan in Talks to Refine Russian Crude Oil Amid Fuel Shortages

Under the proposed arrangement, Kazakh facilities would process Russian oil to cover local market needs while returning a portion of the refined gasoline...
1 Min read

Tyumen Oil Refinery Halts Production After Ukrainian Drone Strike, Sources Say

Industry sources said it is difficult to estimate how long repairs will take.
1 Min read

Dubai Oil Trader Seeks to Become Top Creditor in Bankruptcy of Former Russian Refinery Owner – Kommersant

The move could place a little-known Dubai commodities trader at the center of the bankruptcy of one of Russia's strategically important oil refineries...
2 Min read

Major Russian Black Sea Oil Terminal Halts Operations Amid Ukrainian Drone Threat

The Sheskharis terminal in the Black Sea port of Novorossiysk has not loaded any tankers since Tuesday morning, Bloomberg reported.
2 Min read

Kazakhstan Cuts Oil Production Following Drone Strikes on Black Sea Tankers

Russia has accused Ukraine of targeting oil tankers off its southern Black Sea coast to disrupt the global energy market.
2 Min read

Russia’s Largest Oil Refinery Halts Production After Drone Attack, Sources Say

The halt in operations at the plant is likely to exacerbate fuel shortages across the country.
2 Min read

Georgia’s Only Oil Refinery to Stop Using Russian Crude by September

Earlier, the EU had threatened to include the Kulevi refinery in its 20th sanctions package over Russia’s invasion of Ukraine.
1 Min read

Ukrainian Strike Kills 1 in Southern Russia, Refinery on Fire

Ukraine has targeted Russian energy infrastructure throughout the war in retaliation for Russian strikes on its civilians and energy infrastructure.
1 Min read

Moscow Oil Refinery Unlikely to Resume Production Until 2027 – Reuters

“It will take at least half a year to repair,” an industry source said of the damage to the refinery, which was attacked twice this month.
2 Min read

Russian Railways Forms Task Force to Address Fuel Shortages

The company highlighted growing concern over aviation fuel, noting that keeping Russian airports supplied has become a “zone of special attention”...
2 Min read

White House Allows Russian Oil Sanctions Waiver to Expire for Third Time

Trump said this week that his administration would “soon” be able to reimpose sanctions on Russian crude “because the oil is now flowing” through...
2 Min read

Russian Oil Output Falls for Sixth Straight Month as Ukrainian Drone Attacks Hit Infrastructure

The decline leaves Russia producing about 690,000 bpd below its OPEC+ quota, according to Bloomberg calculations based on OPEC data.
2 Min read

Russian Oil Firms Receive Nearly $10Bln in State Subsidies as Refinery Disruptions Mount

Analysts at Raiffeisenbank said the increase in compensation payments reflects growing difficulties in the refining sector.
3 Min read
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