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Articles with tag "Oil"

Feature

Black Rain, Toxic Air and Bird Deaths: Russian Black Sea Town Reels From Refinery Strike

The scene in Tuapse has turned apocalyptic in recent days after strikes on a local oil refinery sparked major fires and caused an oil spill.

Indonesia Says It Will Buy 150M Barrels of Russian Oil Amid Global Shortage

Around 20-25% of Indonesia's crude imports normally come from the Middle East and pass through the vital Strait of Hormuz.
1 Min read

Druzhba Oil Flow to Slovakia Resumed Thursday, Officials Say

Slovakia's Prime Minister Robert Fico said 119,000 metric tons of oil are projected to arrive in the country by the end of April.
1 Min read

Russia to Cut Kazakh Oil Transit to Germany

The German subsidiary of Russia's state-owned oil company Rosneft told German regulators that the Russian Energy Ministry had ordered the suspension.
2 Min read

Ukraine Repairs Druzhba Pipeline, Clearing Way for Russian Oil Flows to Europe

The pipeline, which carries crude to Hungary and Slovakia, has been at the center of a monthslong diplomatic standoff.
2 Min read

Russia Forced to Slash Oil Production After Ukrainian Strikes – Reuters

The reduction, estimated between 300,000 and 400,000 barrels per day, comes as Ukraine ramps up its strike campaign against the energy and export infrastructure...
2 Min read

Russian Oil Is Too Big to Ignore, Kremlin Says

Spokesman Dmitry Peskov said that “Russia remains a responsible and very important player in global energy markets.”
2 Min read

Zelensky Says Oil Sanctions Relief Provides Billions for Russian Military

"Every dollar paid for Russian oil is money for the war," Zelensky said.
2 Min read

U.S. Extends Sanctions Waiver on Purchases of Russian Oil

The license comes two days after Treasury Secretary Scott Bessent said that Washington would not renew the waiver.
2 Min read

White House Says It Will Not Renew Russian Oil Sanctions Waiver

U.S. Treasury Secretary Scott Bessent defended the temporary waiver, arguing it prevented a more significant price spike that would have further increased...
2 Min read

Russia’s Oil Export Revenue Surged in March, IEA Says

Revenue from crude and petroleum shipments rose to $19 billion, a sharp reversal from February, when revenues hit a post-invasion low.
2 Min read

U.S. Waiver on Russian Oil Expires as Extension Remains Uncertain

Asian countries, which rely on oil and gas supplies from the Middle East, have been lobbying Washington for an extension.
2 Min read

Russian Crude Oil Selling at 13-Year High

On April 2, Urals shipped from the Baltic Sea port of Primorsk sold for $116.05 per barrel, while cargoes from the Black Sea port of Novorossiysk reached...
2 Min read

Ukraine Hits Major Oil Terminal in Southern Russia – Moscow

It is the latest strike on infrastructure critical to Moscow’s energy revenues since the U.S.-Israeli war with Iran has caused global oil prices to surge...
3 Min read

Russia Bans Producers From Exporting Gasoline Until July 31

Officials said the move was aimed at stabilizing domestic fuel supplies amid rising global oil prices and ahead of the spring planting season.
2 Min read

Russia Will Send Second Oil Tanker to Cuba, Energy Minister Says

“A vessel from the Russian Federation broke through the blockade. A second one is now being loaded. We will not leave the Cubans in trouble,” Russian...
1 Min read
opinion Vselovod Levchenko and Charles Digges

The Northern Sea Route Is Risky – and Russia Is Not Prepared

Pivoting from the Strait of Hormuz to the Arctic risks unique environmental disasters that Russia has shown it cannot handle.
4 Min read

Russian Oil Exports Fall by 1.75M Bpd as Drones Assaults Baltic Ports

Weekly crude flows fell to 2.32 million bpd in the week to March 29, down from 4.07 million bpd the previous week.
1 Min read

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.
2 Min read

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...
2 Min read
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