oil prices

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

Bloomberg reveals what’s in the EU’s 18th sanctions package against Russia

The European Union is considering lowering the price cap on Russian oil as part of its upcoming 18th sanctions package against Russia, Bloomberg reported on May 24, citing sources familiar with the matter.

24 May 2025, 07:55 PM

UK urges G7 to lower Russian oil price cap to pressure Putin

The United Kingdom urged G7 allies to agree on lowering the marginal price of oil for Russia to increase pressure on Vladimir Putin, Bloomberg reports on May 22.

22 May 2025, 06:19 PM

Oil prices slide as OPEC+ weighs third output boost

OPEC+ members are considering a third consecutive increase in oil production for July, Bloomberg reported on May 22.

22 May 2025, 12:35 PM

Hopes of US-China deal lift oil prices

Oil prices climbed on May 7, with Brent futures reaching $62.69 and WTI at $59.68, driven by U.S.-China trade talk hopes and a reported 4.49 million-barrel drop in U.S. oil stocks, news agency Interfax-Ukraine reported, citing market data.

7 May 2025, 10:52 AM

Trump suggests oil prices may influence outcome of war in Ukraine

U.S. President Donald Trump said the current drop in oil prices could help resolve the Russia-Ukraine war, speaking to reporters during an event at the White House, Liga reported on May 6.

6 May 2025, 11:19 AM

Brent, WTI oil prices climb on potential US-China tariff de-escalation

Oil prices rose 0.8% on May 2, with Brent at $62.62 and WTI at $59.74 per barrel, after China expressed willingness to negotiate with the United States on tariffs, raising hopes of de-escalating the trade war, Reuters reported.

2 May 2025, 01:07 PM

Global oil prices to dip 15 percent in 2025, says IMF

The International Monetary Fund forecasts that oil prices will average $66.9 per barrel in 2025 and drop to $62.4 in 2026, according to its April 2025 World Economic Outlook report.

22 April 2025, 05:00 PM

Crude prices increase as U.S. and China signal better ties

Oil prices rose amid hopes of easing trade tensions between the U.S. and China, with Brent crude futures for June delivery climbing 55 cents to $65.22 a barrel on the ICE Futures exchange in London, according to Interfax-Ukraine on April 16.

16 April 2025, 05:16 PM

Russia faces military budget strain as oil prices drop

A recent sharp drop in oil prices, driven by President Donald Trump’s trade war, is straining the military budget of Vladimir Putin, the Financial Times reports on April 12.

12 April 2025, 08:50 PM

Russia may escape U.S. tariffs but not the global economic fallout

At first glance, Russia appears to be sitting on the sidelines of the global trade war unleashed by the White House’s sweeping new tariff package. But as economist and CEPA fellow Alexander Kolyandr argues in an article published April 7, the Kremlin will not emerge unscathed.

9 April 2025, 04:25 PM

Russian Urals oil price plummets as Kremlin boosts war spending

The price of Russia’s flagship Urals crude oil has dropped to $50 per barrel amid a global oil price slump, intensifying pressure on the Kremlin’s budget as it ramps up war spending against Ukraine, Bloomberg reported on April 7.

7 April 2025, 05:37 PM

Global oil prices fall sharply amid market jitters

Global oil prices dropped sharply, marking the biggest percentage fall since 2022, Reuters reported on April 4.

4 April 2025, 10:59 AM

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