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Articles with tag "Oil"

U.S. Extends Russian Oil Waiver for a Second Time

The temporary general license, which had been allowed to lapse over the weekend, is now effective until June 17.

U.S. Allows Russian Oil Waiver to Expire Again

Sanctions experts said they expect the U.S. to either issue a short-term extension or grant specific exemptions to major Asian refineries.
2 Min read

Russia’s Oil Export Revenue Saw Continued Growth in April, IEA Says

Revenue from crude and petroleum shipments rose to $19.18 billion, a modest increase of $180 million from the $19 billion recorded in March.
2 Min read

Second Japanese Refiner Buys Russian Oil Amid Global Supply Crunch

Idemitsu Kosan told TASS that the purchase was made at the request of Japan’s Agency for Natural Resources and Energy to “ensure a stable supply of...
1 Min read

Russia’s Oil and Gas Revenues Miss Expectations Despite Higher Crude Prices

Oil and gas revenues reached 2.3 trillion rubles ($30.82 billion) over the first four months of the year, down 38.3% year-on-year.
3 Min read

Leningrad Region’s Kirishi Oil Refinery Halts Operations After Drone Strike – Reuters

Industry sources told Reuters that three of the refinery’s four crude distillation units and several secondary units were damaged in the attack.
1 Min read

OPEC+ Hikes Oil Production Quotas Without Mentioning UAE Exit

Analysts had expected the increase of 188,000 barrels, similar to the 206,000-barrel daily increases OPEC+ in March and April.
2 Min read

Japan Buys Russian Oil for the First Time Since Hormuz Closure

The Japanese refiner Taiyo Oil plans to receive the cargo through the Sakhalin-2 project in Russia’s Far East, the Mainichi newspaper reported.
1 Min read

Russian Growth Outlook Darkens as Ukraine Hits Oil Infrastructure

CMAKP said hopes that surging global oil prices would give Russia’s economy a meaningful boost were unlikely to materialize because repeated attacks...
3 Min read

Kremlin Hopes OPEC+ Will Stand Firm Despite UAE Exit

Moscow said it has no plans to withdraw from the organization, calling it “especially crucial when energy markets are in turmoil.”
2 Min read

Kazakhstan to Reroute German Oil Exports Following Russian Pipeline Suspension

Kazakhstan’s energy ministry said crude will now move through the Baltic Sea port of Ust-Luga and a joint Russian-Kazakh oil pipeline.
1 Min read
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.
4 Min read

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
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