oil

UK Treasury allows Transneft to handle Kazakhstan oil until March 2028

The U.K. Treasury has allowed Russia’s Transneft to continue operations involving oil from Kazakhstan until March 2028, according to the decision on March 20.

20 March, 12:17 PM

Antonio Costa warns easing U.S. sanctions on Russian oil could boost Moscow’s war effort

European Council President Antonio Costa said a U.S. decision to lift sanctions on Russian oil exports could give Moscow more resources to continue its war against Ukraine, writing on X on March 13.

13 March, 05:12 PM

American company eyes Lukoil stake in massive Iraqi oil project

U.S. energy giant Chevron has emerged as the frontrunner to gain control of Iraq’s second-largest oil complex after signing an exclusivity deal to negotiate over the West Qurna-2 field, in which Russia’s Lukoil holds a 75% stake, Bloomberg reported on Feb. 24.

24 February, 11:35 AM

Russia sees falling profits and frozen investment from largest firms

More than half of Russia’s large companies ended 2025 with falling profits, scaled back or froze investment projects, and many are preparing layoffs, The Moscow Times reported on Feb. 23.

23 February, 11:54 AM

India retains stake in Russia’s Sakhalin-1 oil and gas project

India’s state-run Oil and Natural Gas Corporation has completed payments to the liquidation fund of the Sakhalin-1 project to retain its 20% stake, Russia’s Interfax reported on Feb. 17.

17 February, 01:48 PM

Greek tankers carrying Russian oil spotted near St. Petersburg

Despite European Union sanctions aimed at curbing Russia’s oil trade, tankers registered in Greece have been spotted at a Russian port on the Baltic Sea coast, Finland’s Yle reported, citing data from the MarineTraffic tracking service on Dec. 13.

14 December 2025, 03:39 PM

Czechia may begin importing Ukrainian oil by end of the year

Czechia may begin importing oil from Ukraine through the Druzhba pipeline by the end of the year, Czech outlets Radiožurnál and iROZHLAS.cz reported on Nov. 19.

19 November 2025, 01:25 PM

Ukraine’s General Staff confirms Defense Forces struck the Saratov Oil Refinery in Russia overnight

The General Staff of the Ukrainian Armed Forces confirmed that Ukraine’s Defense Forces struck the Saratov Oil Refinery in Russia’s Saratov Oblast overnight on Oct. 16.

16 October 2025, 12:56 PM

Massive fire engulfs largest oil refinery in northern Russia’s Yaroslavl – video

A fire broke out at an oil refinery in Russia’s Yaroslavl, sending a huge column of black smoke over the city, the Telegram channel Exilenova+ reported on Oct. 1.

1 October 2025, 11:37 AM

Drone strike hits oil pumping station in Chuvashia, Russia confirms shutdown

Drones struck Russia’s Chuvash Republic, hitting an oil pumping station near the village of Konar on Sept. 27.

27 September 2025, 01:42 PM

Ukraine confirms strike on Gazprom plant in Bashkortostan and other key Russian sites

Defense Forces struck the Gazprom Neftekhim Salavat oil refinery in Russia’s Bashkortostan, Ukraine’s General Staff confirmed on Sept. 24.

24 September 2025, 05:56 PM

Gasoline shortage worsens in Russia as fuel prices hit record highs

A gasoline shortage in Russia, triggered by Ukrainian drone strikes on oil refineries, is spreading to central oblasts as fuel prices hit record highs, The Moscow Times reported on Sept. 17.

17 September 2025, 01:17 PM

Ukraine to restrict diesel imports from India

Imports of diesel fuel from India to Ukraine will be restricted, with all shipments subject to sampling and laboratory testing, enkorr reported on Sept. 15.

15 September 2025, 02:56 PM

Kazakhstan considers Druzhba oil exports to Hungary

Kazakhstan, which sent a test batch of oil to Hungary via Croatia this summer, is not ruling out supplies through the Druzhba pipeline, Russia’s Interfax reported on Sept. 9.

9 September 2025, 12:56 PM

Navy confirms large-scale Black Sea oil leak

Ukrainian Navy spokesman Dmytro Pletenchuk confirmed a major oil spill in the eastern Black Sea in territory controlled by Russia, he told RBC-Ukraine on Sept. 3.

3 September 2025, 05:26 PM

Fire at Kuibyshev refinery rages on despite official claims of control

A fire continues at an oil refinery in Russia’s Samara Oblast after a nighttime drone attack, local residents reported to the Astra public channel on Aug. 28.

28 August 2025, 05:56 PM

India profits from Russian oil amid Ukraine war, says U.S. Treasury chief

U.S. Treasury Secretary Scott Bessent said India is profiting from sharply increased Russian oil purchases during the war in Ukraine, calling the situation unacceptable, CNBC reported on Aug. 19.

20 August 2025, 12:25 PM

First drone attack in Komi Republic hits tank at Ukhta oil refinery

For the first time, a drone attack was reported in Russia’s Komi Republic, with Telegram channels saying a tank was breached at the Ukhta oil refinery on Aug. 10.

10 August 2025, 10:18 PM

Romania suspects Russia of sabotaging its oil supply

Bucharest is investigating whether Russia deliberately contaminated a large volume of Azerbaijani crude oil with chlorides as part of a hybrid warfare campaign against Romania and other European countries, Romanian outlet G4Media reported on Aug. 8.

9 August 2025, 02:03 AM

Moscow’s key oil and gas revenues down nearly a third in July

Russia’s oil and gas revenues dropped 27% in July 2025 compared to the same month last year, totaling 787.3 billion rubles (approximately $8.9 billion), The Moscow Times reported on Aug. 5.

5 August 2025, 04:05 PM

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