Keywords: Russian oil
Ukrainian forces ushered in 2026 with drone attacks on key Russian petroleum infrastructure, hitting the Ilsky oil refinery in Krasnodar and the Almetyevskaya oil processing facility in Tatarstan, the Ukrainian military confirmed on Thursday. These overnight strikes from December 31 to January 1 sparked......
Ukraine carried out another targeted drone attack against Russia’s Ryazan oil refinery overnight, intensifying its ongoing strategy to weaken Moscow’s energy production network. The strike, the ninth of this year on the facility, triggered explosions and a fire at what is considered one of......
The latest U.S. sanctions targeting Russia’s top oil producers, Rosneft and Lukoil, have driven the discount on the country’s flagship Urals crude to $20 per barrel below Brent, marking the steepest reduction this year. The price gap mirrors levels seen shortly after Russia’s invasion......
Ukrainian forces launched overnight strikes on key strategic targets, hitting a Russian oil refinery deep inside Russian territory and damaging critical oil infrastructure in occupied areas on November 11. The attacks mark an escalation in Kyiv's efforts to weaken Moscow’s war economy. The......
Saudi Arabia is facing a critical diplomatic balancing act as escalating US sanctions on Russia's oil industry strain the fragile cohesion of the OPEC+ alliance. This comes just weeks ahead of a crucial White House meeting between Saudi Crown Prince Mohammed bin Salman and US President Donald Trump,......
Oil prices have soared to their highest weekly increase in nearly five months, driven by fresh sanctions from the United States and the European Union against Russia's largest oil companies. The measures have sparked fears of supply disruptions, pushing crude futures up by over 5% on Thursday. Brent......
The United States has launched its most comprehensive economic measures against Russia, targeting its two largest oil companies, Rosneft and Lukoil, as efforts to resolve the war in Ukraine remain stagnant. The sanctions, announced by Treasury Secretary Scott Bessent on October 21, 2025, represent a......
Former U.S. President Donald Trump has called on European leaders to cease purchasing Russian oil, which he claims finances Moscow’s military campaign against Ukraine. He also urged increased economic pressure on China due to its support of Russia’s war efforts. This appeal was made during......
The United States has increased its tariff on Indian imports from 25% to 50%, in a move aimed at punishing New Delhi for its continued purchases of Russian oil. The decision, announced earlier this month by President Donald Trump, reflects Washington’s frustration with Moscow’s refusal to......
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