oil

U.S. billionaire's firm wins 30-billion-barrel Venezuela field

Continental Resources, the company founded by billionaire and shale-oil pioneer Harold Hamm, has agreed to explore for oil in Venezuela amid the Trump administration's calls for U.S. companies to help revive the country's oil sector, Bloomberg reported on Sept. 16.

17 September, 03:10 PM

Two major Russian oil refineries halt operations after Ukrainian strikes – General Staff

Two major Russian oil refining facilities halted operations after being struck by Ukrainian forces, Ukraine’s General Staff said on Sept. 4.

4 September, 05:08 PM

Italy's Eni to develop giant Venezuelan oil field with 35 billion barrels

Italian energy company Eni has reached an agreement with Venezuelan state oil company PDVSA to jointly develop the Junín 5 oil field in Venezuela's Orinoco Belt. The 25-year deal makes Eni the field's operator, according to the company’s announcement on Sept. 2.

4 September, 11:45 AM

U.S. to take over Venezuelan oilfields previously run by Chinese, Russian firms

U.S. oil company North American Blue Energy Partners (NABEP) will take over some oilfields in Venezuela previously controlled by several Chinese companies and a Russian firm, Reuters reported on August 31, citing two U.S. officials.

1 September, 11:45 AM

Russia extends ban on diesel fuel exports by producers

The Russian government extended until Sept. 30 a ban on producers exporting diesel fuel, marine fuel and gas oils, DW reported on Aug. 30.

31 August, 01:24 AM

Georgia's only refinery to end Russian oil purchases and switch to Kazakh and Libyan crude

Black Sea Petroleum LLC, which owns the oil refinery at Georgia's Kulevi port, will switch to processing Kazakh and Libyan crude in August and September 2026, ending purchases of Russian oil, The Moscow Times reported on Aug. 3.

3 August, 05:29 PM

Russian coal exports face vessel shortage after Ukraine's attacks

Ukrainian attacks in the Black Sea have sharply reduced the number of vessels available to export coal from Russia, disrupting shipments and tightening shipping capacity, The Moscow Times reported on Aug. 3.

3 August, 01:36 PM

Zelenskyy confirms strikes on Russian oil sites, terminal

Ukraine's Defense Forces struck a Russian export terminal and oil facilities in the Rostov and Yaroslavl oblasts, and in the Udmurt Republic, President Volodymyr Zelenskyy confirmed on X on July 27.

27 July, 01:08 PM

Ukraine's SBU strikes Russian oil facilities in Bashkortostan, Ulyanovsk and Kaluga oblasts

Ukraine's Security Service carried out a series of long-range strikes, targeting Russian oil and military infrastructure in Russia and occupied Crimea, the SBU said on July 24.

24 July, 04:56 PM

Russian shadow fleet tanker suspected of oil spill

A tanker from Russia's sanctioned shadow fleet likely spilled oil off the coast of Oman, Reuters reported, citing satellite images analyzed by independent experts on July 18.

18 July, 05:36 PM

Japan to end reliance on Strait of Hormuz for oil imports from July

Japanese Prime Minister Sanae Takaichi said Japan will source all of its crude oil imports from suppliers outside the Strait of Hormuz starting in July, as the country seeks to reduce its exposure to geopolitical risks, Bloomberg reported on June 11.

11 June, 07:02 PM

Belarus sharply increases gasoline and diesel deliveries to Russia amid supply crunch

Belarus sharply increased rail shipments of gasoline and diesel from its refineries to Russia in May as fuel shortages worsened there because of seasonal demand growth and lower output caused by Ukrainian attacks, The Moscow Times reported on June 9.

9 June, 03:25 PM

Trump envoy pushes to tap Greenland oil to counter international energy crises

Greenland could export 2M barrels of oil per day right now to lower global energy prices amid Iran war, Louisiana Governor Jeff Landry, serving as U.S. President Donald Trump’s special envoy to Greenland, claimed, The Hill wrote on May 22.

25 May, 01:25 PM

Ukrainian forces hit Lukoil refinery and Yaroslavl oil facility

Ukraine’s Defense Forces struck the Lukoil-Nizhegorodnefteorgsintez oil refinery and the Yaroslavl-3 oil pumping station in Russia, the Ukrainian military’s General Staff said on May 19.

19 May, 03:14 PM

Ukrainian drones hit major Russian refinery in Perm for third time – SBU

Ukraine’s Security Service struck the Permnefteorgsintez oil refinery and an oil pumping station in the Russian city of Perm for the third time, targeting facilities more than 1,500 kilometers (930 miles) from the Ukrainian border on May 8.

8 May, 04:57 PM

Japan turns to Kazakhstan for oil as Middle East supply risks mount

Japan is in talks to purchase Kazakh crude oil, Kazakhstan's national energy company KazMunayGas reported on May 4.

6 May, 01:52 PM

Ukraine strikes Kirishi refinery and oil station in Russia’s Leningrad Oblast

Ukraine’s Security Service and defense forces struck the Kirishinefteorgsintez refinery and a Kirishi oil pumping station in Russia’s Leningrad Oblast, the SBU press service said on May 5.

5 May, 06:11 PM

Oil prices fall as Trump announces Operation Project Freedom

Oil prices dropped after Trump announced that the U.S. will begin an effort to assist ships stranded in the Strait of Hormuz, Reuters wrote on May 4.

4 May, 02:20 PM

Ukrainian forces hit four oil industry sites in Russia – General Staff

Units of Ukrainian Armed Forces struck four key oil industry facilities in Russia overnight, the General Staff said on Apr. 18.

18 April, 03:31 PM

U.S. extends exemption for seaborne shipments of Russian oil

The U.S. Treasury Department Office of Foreign Assets Control has extended a limited exemption allowing certain seaborne shipments of Russian oil and petroleum products loaded as of April 17, issuing General License 134B while keeping sanctions in place.

18 April, 01:55 PM

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