Keywords: Russian oil
Russia and Iran are steepening discounts on their crude exports to secure a shrinking pool of Chinese buyers after Indian refiners sharply reduced purchases of Russian oil. Moscow’s flagship Urals blend is now selling to China at about 12 dollars per barrel below the ICE Brent benchmark, compared......
Russia’s flagship Urals crude is trading at its steepest discount to global benchmark Brent in nearly three years, underscoring mounting pressure on Moscow’s key export revenues as Western sanctions persist and Indian demand weakens. The discount on Urals expanded to $28 per barrel on a......
Russian air defenses intercepted 113 Ukrainian drones overnight from February 18 to 19, the Defense Ministry said Thursday, describing one of the largest waves of drone attacks on Russian territory in recent weeks. The barrage came hours after U.S.-mediated peace talks in Geneva ended without a breakthrough. According......
European Union ambassadors are meeting this week to finalize sanctions against the Kulevi oil terminal in Georgia as part of the bloc’s 20th sanctions package against Russia, in what would mark the first time Brussels targets a port in a country officially seeking EU membership. The proposed measures......
Hungary’s state controlled energy company MOL has ordered its first seaborne deliveries of Russian crude to be routed through Croatia, marking a new phase in an energy supply dispute involving Kyiv, Budapest and Bratislava after damage to the Druzhba pipeline in late January. Foreign Minister......
Russia’s oil sector is entering its deepest crisis in decades as Western sanctions drive export prices sharply lower and push smaller producers toward insolvency, threatening a central pillar of the Kremlin’s wartime economy. State lender VTB is preparing to file for bankruptcy against First......
A Russian airstrike on January 27 damaged critical infrastructure along the Ukrainian section of the Druzhba pipeline, halting the flow of Russian crude oil to Hungary and Slovakia and triggering a diplomatic clash between Budapest and Kyiv ahead of Hungary’s parliamentary elections. Ukrainian......
Ukraine said Russian oil transit to Eastern Europe through the Ukrainian section of the Druzhba pipeline has been suspended since January 27 following a Russian strike that set infrastructure ablaze. Foreign Minister Andrii Sybiha announced the halt on Thursday and criticized Hungary for preparing complaints......
Nearly 70 oil tankers linked to Russia’s so called shadow fleet have reflagged under the Russian registry since May 2025, responding to a sharp escalation in Western sanctions enforcement that has left stateless vessels exposed to seizure on the high seas, according to maritime intelligence firm......
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