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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...

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.

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...

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.

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.

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.

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...

Georgia’s Only Refinery to Replace Russian Crude With Turkmen, Kazakh Oil

The strategic shift comes nearly a month after the Kulevi oil terminal on the Black Sea coast narrowly avoided being added to an EU list of sanctions...

South Korea Revives Naphtha Imports From Russia Amid Looming Shortage

LG Chem bought 27,000 metric tons of naphtha, South Korean media reported, with shipments expected to arrive on Monday.

Russian Oil Tanker Arrives in Cuba After Trump Shrugs Off His Own Fuel Blockade

The U.S. president said Sunday that Washington would not oppose shipments of oil to the crisis-stricken island, including from Russia.

Russia Drops Budget Cut Plans as Oil Price Surge Boosts Revenues – Bloomberg

Authorities could channel the windfall oil revenues into spending on the war in Ukraine, Bloomberg’s sources said.

Forget Discounts – Russian Oil Is Now Selling at a Premium, Deputy PM Novak Says

“We’ve moved from a discount to either no discount or, in some cases, even a partial premium,” Deputy Prime Minister Alexander Novak told reporters...

Major Oil Refinery in Leningrad Region Reportedly Damaged in Ukrainian Drone Strike

Authorities said that an industrial site was damaged in the Kirishky district, which is home to the Kirishinefteorgsintez oil refinery.

Ukrainian Drone Strikes Halt at Least 40% of Russia’s Oil Export Capacity – Reuters

The shutdown, which Reuters called the "most severe oil supply disruption" in modern Russian history, comes as global energy markets tightened due to the...

Russian Energy Minister Confirms Oil Shipments to Cuba

“We are sending humanitarian aid. We are providing humanitarian support,” Energy Minister Sergei Tsivilev told reporters.

Ukraine Hits Ust-Luga Oil Terminal in Largest Overnight Drone Attack of the Year

Authorities said firefighters were battling a blaze at the Baltic Sea port, which can handle around 700,000 barrels of oil exports per day.

EU Delays Proposal to Permanently Ban Russian Oil

EU Commission energy spokeswoman Anna-Kaisa Itkonen said a new date to unveil the proposed ban has not yet been determined, but stressed that Brussels...

Tanker Reportedly Carrying Russian Oil Arrives in Crisis-Struck Philippines

Ship tracking data showed that the Sierra Leone-flagged tanker, Sara Sky, reached the Limay anchorage in Manila Bay on Monday afternoon.

Russia Pauses Budget Rule Changes as Oil Price Spike Eases Pressure – Reuters

The spike in prices has given Moscow breathing room after a steep drop in energy revenues earlier this year.

Putin Urges Oil and Gas Companies to Use Iran War Windfall to Pay Off Bank Loans

The surge in oil prices is generating as much as $150 million in additional revenue for Russia’s state budget each day, according to estimates by the...

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