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Articles with tag "Oil"

Russia's Lukoil Calls On Bulgaria Not to Hinder Sale of Sanctioned Assets

Lukoil enjoyed a near-monopoly in Bulgaria through a network of oil depots, petrol stations and firms supplying ships and aircraft.

Russian Owners Agree to Sell Controlling Stake in Serbian Oil Firm, Belgrade Says

The move is aimed at lifting U.S. sanctions that threaten to shut down the country’s only refinery.
2 Min read

Russian Oil Revenues Slide to 2.5-Year Low as Sanctions Drive Asian Buyers Away

The International Energy Agency warned that sanctions on Rosneft and Lukoil “may have the most far-reaching impact yet on global oil markets.”
2 Min read

Chevron Weighs Purchase of Lukoil’s Overseas Assets After U.S. Eases Restrictions – Reuters

Chevron is assessing the purchase of Lukoil assets that overlap with its own interests, Reuters’ sources said.
2 Min read

Russian Oil Prices Sink as India and China Cut Purchases Ahead of U.S. Sanctions Deadline

The discount on Urals versus North Sea benchmark Brent widened to $23.51 per barrel, the largest since March 2023.
2 Min read

Novorossiysk Oil Terminal Resumes Operations After Ukrainian Attack

Oil prices dipped slightly amid the news, while investors were said to be assessing the long-term impacts of the Ukrainian attacks on crude exports.
2 Min read

Russian Seaborne Oil Exports Drop to 3-Month Low Amid New U.S. Sanctions

Analysts say the slump in exports reflects a temporary dislocation in supply chains rather than a collapse in demand.
2 Min read

Bulgaria Adopts Law to Take Control of Russia's Lukoil Refinery

Lukoil has owned the Neftochim plant, the largest oil refinery in the Balkans, since 1999.
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Hungarian Refiner MOL Says Most Russian Oil Replaceable If Druzhba Pipeline Dries Up

Bloomberg said it was a “pivot” from months of messaging by Orbán and MOL that Hungary’s refineries were fully dependent on Russian crude.
2 Min read

Gunvor Pulls $22Bln Lukoil Deal After U.S. Labels Company ‘Kremlin Puppet’

The U.S. Treasury said the U.S. would “never” allow Gunvor to operate Lukoil’s assets while Putin “continues the senseless killings” in Ukraine...
2 Min read

Russia’s Oil Revenues Plunge 27% Year-on-Year in October

Falling crude prices, a stronger ruble and tightening Western sanctions continue to cut into oil and gas revenue that is critical to Russia’s federal...
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Russian Black Sea Port Halts Fuel Exports After Ukrainian Strike

The port had been expected to increase fuel exports in November,
but shipping data showed tankers moved off their berths and anchored offshore.
1 Min read

At Least 15 Russian Regions Recruiting Reservists to Guard Oil Facilities Against Drone Attacks – Vyorstka

The postings stress that reservists will not be sent to fight in Ukraine but will remain in their home regions to guard energy infrastructure and intercept...
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Spill Discovered in Black Sea After Ukrainian Strike on Tuapse Oil Terminal – BBC

It is the latest in a series of oil spills in the Black Sea in recent months.
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Chinese Refiners Cut Russian Oil Imports Ahead of New U.S. Sanctions – Bloomberg

State-owned giants Sinopec and PetroChina have already canceled some shipments of Russian oil, Bloomberg cited traders as saying.
1 Min read

India’s Top Refiner Resumes Buying Russian Oil Despite U.S. Pressure

The move comes after Indian refiners paused purchases last week when Washington imposed new sanctions on Rosneft and Lukoil.
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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.
1 Min read

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
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