oil exports

U.S. becomes world's largest oil exporter, overtaking Saudi Arabia and Russia

The United States has become the world's largest oil exporter, overtaking long-time leaders Saudi Arabia and Russia as tensions with Iran reshape global energy trade, Reuters reported on June 11.

11 June, 05:00 PM

China doubles sunflower meal imports as Ukraine expands share

China doubled its imports of sunflower meal in September-March of the 2025–2026 marketing year after suspending purchases of Canadian canola meal, APK-Inform reported.

10 June, 10:51 AM

Canada prioritizes LNG export to replace Russian gas

Canada plans to replace Russian gas on the global market with its own domestically produced natural gas by expanding its export capabilities, Canadian Prime Minister Mark Carney said, Ukrinform reported on May 28.

28 May, 12:42 PM

80% of Russian oil went to China and India in 2025

Russia exported roughly 80% of its oil in 2025 to just China and India while overall crude shipments declined 0.8% to 238 million tons, Russian Deputy Prime Minister Alexander Novak said on Feb. 27, according to Reuters.

27 February, 08:05 PM

China cuts Russian oil imports after spending nearly $50 billion

Russia reduced its oil supplies to China, its largest buyer, by 7.1% in 2025 compared with 2024 to 100.72 million tons, while the value of those exports fell 20% to $49.8 billion, according to Russia’s Interfax on Jan. 31.

31 January, 03:09 PM

Russia in denial about its own fuel crisis

Russia’s Energy Minister Sergey Tsivilyov dismissed Ukrainian drone attacks as a cause of his country’s fuel crisis, attributing higher prices instead to routine refinery maintenance and seasonal demand.

27 October 2025, 10:22 PM

Rosneft, Lukoil valuations down $5 billion after U.S. sanctions

Shares of Rosneft and Lukoil, Russia’s two largest oil companies, tumbled sharply on the Moscow Exchange after the United States sanctioned them, independent Russian newspaper The Moscow Time reported on Oct. 24.

25 October 2025, 02:19 AM

EU pours more cash into Russian oil than Ukraine’s aid

The European Union spends more money on importing Russian oil and gas than on providing financial aid to Ukraine, the Center for Research on Energy and Clean Air (CREA) reported on Feb. 24, the third anniversary of Russia’s full-scale invasion.

24 February 2025, 01:46 PM

Ukraine holds the key: Plan to slash Russian oil exports by 30% gains traction

The latest U.S. sanctions package, introduced on Jan. 10, has already caused delays in Russian oil shipments, but there is a way to cut Russia’s exports by 30%, according to Serhii Makohon, former CEO of Ukraine’s Gas Transmission System Operator (2019-2022).

30 January 2025, 05:35 PM

U.S. sanctions trigger record drop in Russian oil exports

Russia’s seaborne crude oil exports have plunged to their lowest levels since November, following sweeping sanctions imposed by U.S. President Joe Biden targeting the country’s oil trade. This marks the first clear indication that these measures are starting to disrupt oil flows, according to a Bloomberg report on Jan. 21.

22 January 2025, 10:53 AM

Will lower oil prices help defeat the Kremlin — opinion

Oil exports are one of the key revenue sources for the Russian budget, especially in the context of the prolonged war against Ukraine. Following the full-scale invasion, the international community began actively imposing sanctions to weaken the financial inflow into the Russian economy.

8 November 2024, 10:00 PM

Russia boosts shadow fleet of oil tankers amid Western sanctions

The Russian capacity to transport oil on old underinsured vessels has increased by 70% since 2023, the Financial Times wrote on Oct. 14, citing a report by the Kyiv School of Economics (KSE).

14 October 2024, 01:02 PM

oil exports