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Russian Oil Prices Fall to Lowest Level Since Ukraine Invasion – Bloomberg

The average discount on Urals relative to Brent crude reached $25.80 per barrel, approaching historical records.

Putin Pledges Steady Oil Supplies to India as He Meets Modi in New Delhi

The two leaders met on Friday for a summit focused on energy, defense and trade.

U.S. Suspends Some Sanctions on Russian Oil Giant Lukoil

The decision partially suspends the measures decided in October by U.S. President Donald Trump.

opinion Tatyana Rybakova

Russia May Have Won a Company, but Lost a Friend in Serbia

With the situation around NIS, Russia exploited its power so bluntly that the trust of ordinary Serbs is likely lost forever.

Russia’s Oil and Gas Revenues Fall 34% Year-on-Year in November

The data underscores mounting pressure on the federal budget from a combination of sanctions, weak crude prices and a strong ruble.

Ukraine Struck Druzhba Pipeline for Fifth Time This Year, Intelligence Sources Say

Hungary and Slovakia, which both rely on the pipeline from Russia, reported that oil supplies were flowing normally on Wednesday.

Third Tanker Carrying Russian Oil Hit by Explosions

The incident near Dakar, Senegal marks the third case involving tankers transporting Russian fuel since last week.

Black Sea Tanker That Sustained Blast Hit Again

Turkey's Transport Ministry said the tanker sustained only "minor damage" and that none of the crew were hurt.

Naval Drones Halt Operations at Russian Oil Terminal

The Caspian Pipeline Consortium said it would resume operations when the drone threat was lifted.

Sanctioned Oil Tankers Hit by Blasts, Fire En Route to Russia, Turkey Says

Authorities suggested the two tankers may have been hit by devices while heading toward the Russian port of Novorossiysk.

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.

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.”

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.

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.

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.

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.

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.

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.

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...

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