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Articles with tag "Oil"

Russian Oil Refining Falls to 24-Year Low After Ukrainian Drone Strikes – Bloomberg

If eight tankers linked to the Caspian Pipeline Consortium terminal are included, July would rank as the busiest month for attacks on oil assets connected...

Kazakhstan in Talks to Refine Russian Crude Oil Amid Fuel Shortages

Under the proposed arrangement, Kazakh facilities would process Russian oil to cover local market needs while returning a portion of the refined gasoline...
1 Min read

Tyumen Oil Refinery Halts Production After Ukrainian Drone Strike, Sources Say

Industry sources said it is difficult to estimate how long repairs will take.
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Dubai Oil Trader Seeks to Become Top Creditor in Bankruptcy of Former Russian Refinery Owner – Kommersant

The move could place a little-known Dubai commodities trader at the center of the bankruptcy of one of Russia's strategically important oil refineries...
2 Min read

Major Russian Black Sea Oil Terminal Halts Operations Amid Ukrainian Drone Threat

The Sheskharis terminal in the Black Sea port of Novorossiysk has not loaded any tankers since Tuesday morning, Bloomberg reported.
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Kazakhstan Cuts Oil Production Following Drone Strikes on Black Sea Tankers

Russia has accused Ukraine of targeting oil tankers off its southern Black Sea coast to disrupt the global energy market.
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Russia’s Largest Oil Refinery Halts Production After Drone Attack, Sources Say

The halt in operations at the plant is likely to exacerbate fuel shortages across the country.
2 Min read

Georgia’s Only Oil Refinery to Stop Using Russian Crude by September

Earlier, the EU had threatened to include the Kulevi refinery in its 20th sanctions package over Russia’s invasion of Ukraine.
1 Min read

Ukrainian Strike Kills 1 in Southern Russia, Refinery on Fire

Ukraine has targeted Russian energy infrastructure throughout the war in retaliation for Russian strikes on its civilians and energy infrastructure.
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Moscow Oil Refinery Unlikely to Resume Production Until 2027 – Reuters

“It will take at least half a year to repair,” an industry source said of the damage to the refinery, which was attacked twice this month.
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Russian Railways Forms Task Force to Address Fuel Shortages

The company highlighted growing concern over aviation fuel, noting that keeping Russian airports supplied has become a “zone of special attention”...
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White House Allows Russian Oil Sanctions Waiver to Expire for Third Time

Trump said this week that his administration would “soon” be able to reimpose sanctions on Russian crude “because the oil is now flowing” through...
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Russian Oil Output Falls for Sixth Straight Month as Ukrainian Drone Attacks Hit Infrastructure

The decline leaves Russia producing about 690,000 bpd below its OPEC+ quota, according to Bloomberg calculations based on OPEC data.
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Russian Oil Firms Receive Nearly $10Bln in State Subsidies as Refinery Disruptions Mount

Analysts at Raiffeisenbank said the increase in compensation payments reflects growing difficulties in the refining sector.
3 Min read

Russian Urals Oil Returns to Discount as Asian Refiners Cut Purchases – Reuters

The discount marks a sharp reversal from April and May, when Urals crude traded at premiums of $7-$8 per barrel to Brent.
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Ukraine's Refinery Strikes Push Russian Crude Exports to Wartime High – Bloomberg

Repeated Ukrainian drone strikes on refineries have reduced domestic processing capacity and left more crude available for shipment abroad.
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Ukrainian Drone Attack Sparks Fire at Russian Oil Depot

Two people were wounded in an attack on Russia's fifth largest oil export hub in Novorossiysk, the local mayor said.
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Russia's 150M-Barrel Oil Delivery to Indonesia Faces Regulatory, Logistical Hurdles – Reuters

Shipping data shows almost no barrels have begun moving, leaving traders skeptical that the 150 million barrels could reach Indonesia by year-end.
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Drone Strikes Force Central Russian Refineries to Halt or Cut Output – Reuters

The combined annual capacity of refineries that have either fully halted or significantly reduced operations is nearly one-quarter of Russia’s total...
2 Min read

U.K. Loosens Russian Oil Sanctions Amid Soaring Energy Costs

A new trade license allows the U.K. to buy jet fuel and diesel refined from Russian crude oil in third-party countries.
2 Min read
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