oil prices

Russia’s Central Bank slashes Urals oil forecast to $45

Russia’s Central Bank sharply lowered its 2026 Urals oil price forecast to $45 per barrel — the lowest since the pandemic — acknowledging substantial risks from global oversupply and sanctions, The Moscow Times reported on Feb. 13.

14 February, 07:47 PM

Russia facing oil revenue collapse as direct talks with Ukraine resume

Russia’s oil revenues, a critical source of funding for its war against Ukraine, are sharply declining due to falling prices, tighter sanctions and Ukrainian drone attacks on tankers and refineries, pushing the Kremlin to raise taxes and debt while engaging in its first direct talks with Kyiv in years, The New York Times reported on Jan. 31.

1 February, 02:59 PM

Oil prices react to expectations of peace talks

Oil prices rose slightly after falling about 1% in the previous session, as investors track progress in peace talks between Russia and Ukraine and await a U.S. interest rate decision, Reuters reported on Dec. 10.

10 December 2025, 12:43 PM

Oil rises after Russia’s Novorossiysk port hit

Oil prices rose by about 2% on Nov. 14 after Russia’s key oil terminal in the Black Sea port of Novorossiysk halted exports following an overnight Ukrainian attack, Reuters reported.

14 November 2025, 01:35 PM

Russia and Belarus face deficits, cuts as oil prices fall – Ukraine's intel

Russia and Belarus are entering the new year with looming deficits and spending cuts after Urals crude prices fell to their lowest since spring, casting doubt on both states’ budgets, Ukraine's Foreign Intelligence Service reported on Oct. 23.

23 October 2025, 04:13 PM

India’s refiners may reduce Russian oil imports amid U.S. pressure

Some Indian refineries are preparing to reduce their imports of Russian crude as they expect volumes to decline gradually after U.S. pressure on New Delhi to stop buying Russian oil, Reuters wrote on Oct. 16, citing its sources.

16 October 2025, 12:36 PM

EU lowers Russian oil price cap from $60 to $47.6 per barrel under its 18th sanctions package

The European Union lowered the price cap on Russian oil from $60 to $47.6 per barrel starting Sept. 3 as part of its 18th sanctions package against Moscow.

3 September 2025, 12:56 PM

Russia lost $17 billion in oil price slump—Ukrainian intelligence

Russia’s federal budget revenues from energy exports have declined sharply in 2025, driven by falling oil prices and collapsing natural gas sales to the EU, Ukraine’s Foreign Intelligence Service reported on Aug. 7.

7 August 2025, 11:37 PM

‘That wouldn’t be so bad’: Trump says Putin could stop the war if oil drops $10 more

U.S. President Donald Trump said Russian dictator Vladimir Putin could end the war in Ukraine if global oil prices fall by another $10 per barrel, according to an interview with CNBC published Aug. 5.

5 August 2025, 08:53 PM

Low oil prices may spur Russia-Ukraine ceasefire, Trump says

Low oil prices are likely to encourage Russia to agree to a ceasefire in Ukraine, U.S. President Donald Trump has said, news agency Interfax-Ukraine reported on June 30, citing his response to a Fox News question about persuading Russian authorities to consent to a truce.

30 June 2025, 06:55 PM

Oil prices rise amid Iran-Israel ceasefire uncertainty

Oil prices increased on June 25, as investors assessed the stability of a ceasefire between Iran and Israel, though they remained near multi-week lows due to expectations of uninterrupted crude oil supply, Reuters reported.

25 June 2025, 11:06 AM

Trump declared the Israel-Iran war over, causing a fall in global oil prices

Oil prices continued to fall following U.S. President Donald Trump's announcement that Israel and Iran had reached an agreement on a complete ceasefire, on June 24.

24 June 2025, 11:53 AM

Banking and energy sanctions cripple Putin’s war budget - Zelenskyy

Sanctions against Russia’s banking and energy sectors would deal the greatest blow to its economy, President Volodymyr Zelenskyy said, Ukrinform wrote on June 21.

23 June 2025, 02:43 PM

Oil prices jumped sharply after the U.S. strike on Iran’s nuclear sites, with forecasts of continued price increases

Oil prices rose amid growing fears of supply disruptions if the Strait of Hormuz is blockaded due to escalating tensions in the Middle East, Interfax-Ukraine reports on June 23.

23 June 2025, 12:47 PM

US hesitation stalls EU move to lower oil price cap — Bloomberg

The European Union is facing difficulties in lowering the Russian oil price cap amid Iran-Israel tensions, Bloomberg wrote on June 16.

17 June 2025, 10:39 AM

Russian oil prices see 15% increase amid Israel-Iran conflict

Israel's war with Iran is becoming a "lifeline" for the Russian budget, which has seen a sharp drop in oil and gas revenues this year, with the ruble price of Russian Urals oil increasing by almost 15% in just a few days of the conflict, according to The Moscow Times, citing the Russian analytical company BCS on June 16.

16 June 2025, 05:19 PM

Rising oil prices from Iran attack could sustain Russia’s Ukraine war

Israel’s June 13 strikes on Iran could boost Russia’s ability to fund its prolonged war against Ukraine due to rising oil prices, which surged over 5% to $74.47 per barrel, the U.S.-based Institute for the Study of War reported on June 13.

14 June 2025, 03:05 PM

EU unveils 18th sanctions package targeting Russian oil

The European Commission is set to present its 18th package of sanctions targeting Russia, Rikard Jozwiak, Europe Editor for Radio Free Europe/Radio Liberty wrote on X on June 10.

10 June 2025, 02:32 PM

Rosneft profits collapse as oil prices slide

Russia’s state-owned oil company, Rosneft, has seen its net profit decline by 58% in Q1 2025, compared to the same period last year, independent Russian newspaper The Moscow Times reported on June 2.

3 June 2025, 01:51 AM

Falling oil prices triple Russia’s budget deficit

Projected Russian federal budget deficit for 2025 has more than tripled—from RUB1.17 trillion ($15 billion) to RUB3.8 trillion ($48 billion)—chiefly because of low oil prices and Western sanctions, Ukrainian presidential representative on sanctions policy Vladyslav Vlasiuk said on May 29.

29 May 2025, 11:39 PM

oil prices

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