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Articles with tag "Oil"

Lukoil Accepts Oil Trader Gunvor’s Offer to Buy International Assets After U.S. Sanctions

“The key terms of the transaction have been earlier agreed by the parties,” Lukoil said in a statement.

Tanker Carrying Russian Oil to India U-Turns After U.S. Sanctions Rosneft and Lukoil – Bloomberg

The unusual maneuver appears to reflect growing disruption in Russian oil exports following the new restrictions.
1 Min read

What New U.S. Sanctions on Rosneft and Lukoil Mean for Russia’s Oil Trade

Trump is seeking to pressure buyers of Russian oil and tighten financial pressure on the Kremlin as he seeks to end the war in Ukraine. Will it work?
4 Min read

Baltic Firms Supplied Fuel to Russia’s ‘Shadow Fleet,’ Investigation Finds

The ships refueled 177 oil and oil product tankers tankers at various points across the Baltic Sea between June 2024 and March 2025, the report said.
2 Min read

Russia’s ESPO Crude Loses Premium After U.S. and EU Sanctions Hit Rosneft, Lukoil – Bloomberg

The impact of Western restrictions has shaved more than $1.50 off the price per barrel for ESPO, which typically trades at a premium to Urals.
2 Min read

Russia's Lukoil to Sell Overseas Assets After U.S. Sanctions

The sanctions are set to freeze all Rosneft and Lukoil assets in the United States and prohibit U.S. companies from doing business with them.
1 Min read

China’s State Oil Giants Halt Seaborne Russian Crude Imports After New U.S. Sanctions – Reuters

Industry consultancies offer differing estimates of Chinese state-company imports from 250,000 barrels per day to 500,000 bpd.
1 Min read

Indian Refiners Move to Slash Russian Oil Imports After New Trump Sanctions – Reuters

The move marks the first significant pullback by India, Russia’s largest buyer since 2022.
2 Min read

Trump Slaps 'Tremendous' Sanctions on Russian Oil for Ukraine War

Trump has held off pulling the trigger on sanctions against Russia, but his patience snapped after plans for a fresh summit with Putin collapsed.
3 Min read

Dutch Supreme Court Upholds $50Bln Payment in Yukos Case

The decision ended a tug-of-war over Yukos, which broke up in the early 2000s after the arrest of former tycoon owner and Kremlin critic Mikhail Khodorkovsky...
2 Min read

India Moves to Cut Russian Oil Imports Amid U.S. Tariff Pressure – Reuters

U.S. President Donald Trump said Wednesday that Prime Minister Narendra Modi had “assured” him India would end its purchases of Russian oil.
2 Min read

United States Pressures Japan to Stop Buying Russian Oil and Gas

Treasury Secretary Scott Bessent said after a meeting with Japan's finance minister that the White House expects Japan to stop importing Russian energy...
2 Min read

Ukrainian Drone Strikes Slash Russia’s Fuel Exports to Lowest Level Since Early 2022 – Bloomberg

The ongoing Ukrainian drone attacks on Russia’s energy infrastructure have reduced fuel exports to their lowest levels since the invasion of Ukraine...
2 Min read

United Kingdom Declares ‘Russian Oil Is Off the Market’ as it Sanctions Rosneft and Lukoil

The British government accused Rosneft and Lukoil of either benefiting from or supporting the Russian government through their business dealings.
1 Min read

Putin Friend Timchenko Acquires Shell’s Former Stake in Western Siberia Oil Producer – Kommersant

Shell had ceded its 50% stake in Salym Petroleum Development following Russia’s full-scale invasion of Ukraine.
2 Min read
opinion Sergei Vakulenko

Have Ukrainian Drones Really Knocked Out 38% of Russia’s Oil Refining Capacity?

Kyiv’s strike campaign against oil refineries has inflicted serious — but likely not critical — damage to the country’s fuel production.
4 Min read

Russia Boosts Fuel Imports From Belarus as Refinery Strikes Deepen Domestic Shortages

Roughly one in three of Russia’s refineries has come under attack over the past two months.
2 Min read

Russian ‘Shadow Fleet’ Tankers Linked to Oil Leaks in European Waters – Politico

Europe is “quite lucky at this moment that we don’t have any environmental catastrophe happening,” Latvia's energy minister said.
2 Min read

‘Not a Drone Attack’: Major Oil Refinery Catches Fire in Russia’s Yaroslavl Region

The Slavneft-Yanos refinery, one of Russia’s 10 largest crude oil producers, is located over 700 kilometers (430 miles) from the border with Ukraine...
1 Min read

Russia Extends Gasoline Export Ban, Restricts Diesel Shipments

The limits come after weeks of fuel shortages triggered by Ukrainian drone strikes on Russian oil refineries.
1 Min read
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