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Articles with tag "Oil"

Fire at Rostov Oil Refinery Extinguished Nearly a Week After Ukrainian Drone Attack

Firefighters battled the blaze for days, using so much water that nearby communities faced shortages until supplies were restored on Monday.

Hungary and Slovakia Demand Ukraine Stop Attacks on Russia’s Druzhba Pipeline

A drone and missile attack in the Bryansk region halted deliveries early Friday, marking the third such disruption in less than two weeks.
2 Min read

U.S. Oilfield Services Company Weatherford Expands Russia Operations Despite Sanctions – FT

The Financial Times identified roughly 100 job postings by Weatherford in Russia since late February, when new U.S. sanctions came into effect.
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Fuel Shortages Hit Russia’s Far East as Ukrainian Strikes Take Refineries Offline

Two regions in the Far East along with annexed Crimea have introduced ration cards for purchasing gasoline.
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China Buys Up Russian Oil Cargoes as Indian Demand Slows – Reuters

Despite the increase, analysts say Chinese refiners will also be wary of the risk of secondary U.S. sanctions.
2 Min read

Russian Oil Flows to Hungary and Slovakia Resume After Ukrainian Pipeline Strike

Shipments via the Druzhba pipeline had been halted after a Ukrainian drone strike on a pumping station in Russia’s Tambov region.
1 Min read

Russian Crude Exports to India Plunge Threefold

Average daily shipments of Russia’s Urals crude to India have fallen to just 400,000 barrels in August, down from the average of 1.18 million barrels...
2 Min read

Hungary and Slovakia Say Russian Oil Deliveries Halted After Ukrainian Pipeline Strike

Hungarian Foreign Minister Peter Szijjarto said technicians were working to restore a transformation station critical to the Druzhba pipeline’s operations...
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Ukrainian Drone Strike Halts Operations at Rosneft Refinery in Saratov

The Saratov plant is the third Rosneft refinery to see operations disrupted by drone strikes in the past week.
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Russian Oil Refinery Capacity Drops Nearly 10% After Ukrainian Drone Strikes

Repairs at the Ryazan Oil Refinery — Rosneft’s largest — and the Novokuybyshevsk Refinery are expected to take about four weeks, Reuters reported...
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Russia to Boost Oil Exports as Drone Strikes Disrupt Refining Capacity

Two major refineries cut runs following drone strikes over the weekend.
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Trump Imposes 25% Tariff on Indian Goods Over Russian Oil Purchases

The executive order also warns of potential penalties against other countries found to be “directly or indirectly importing oil from the Russian Federation...
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India’s National Security Adviser Visits Russia Amid Trump Tariff Threats – Reports

Indian media reported that Ajit Doval plans to clarify New Delhi’s strategy on Russian oil imports amid signs Moscow may offer greater discounts.
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Russia’s Oil and Gas Revenues Plunge for Third Straight Month

The Finance Ministry now expects oil and gas revenues of just 8.32 trillion rubles ($104 billion) in 2025 — nearly a 25% cut.
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Russian Oil Tankers Idle Off India as Sanctions and U.S. Tariff Threats Disrupt Trade

At least four tankers carrying Russian crude are idling off India’s western coast as mounting sanctions and warnings of steep U.S. tariffs disrupt oil...
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Indian State Refineries Halt Russian Oil Imports – Reuters

U.S. President Donald Trump has warned that buyers of Russian oil could soon face steep tariffs.
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CEO of Russia-Backed Nayara Energy Resigns Following EU Sanctions – Reuters

Nayara Energy is majority-owned by Russia’s state-controlled oil giant Rosneft and a closely affiliated Russian investment fund.
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India Says It Can Replace Russian Oil if U.S. Sanctions Disrupt Supplies

Russia currently accounts for roughly 35% of India’s total oil imports, making it the country’s top supplier.
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EU Moves Toward Floating Price Cap for Russian Oil

The floating mechanism aims to respond more effectively to market fluctuations and to undercut Russia’s oil revenues.
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IEA Raises Doubts Over Russia’s Ability to Restore Oil Output

Russian oil supply continued to decline through most of 2024 and into early 2025, raising “questions about Russia’s ability to sustain its upstream...
2 Min read
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