oil

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

Norway oil exports jump 68% to record levels amid Iran conflict

Norway reported record oil exports of 57.4 billion kroner ($6.1 billion) in March, up 67.9% year on year, according to data from the Statistics Norway on Apr. 16.

16 April, 10:37 AM

Drones strike oil pumping station in Russia’s Volgograd Oblast, fire visible for 25 km

Drones struck the Tinguta oil pumping station in Russia’s Volgograd Oblast overnight, with satellite data showing a fire visible up to 25 km away, the monitoring Telegram channel Crimean Wind reported on Apr. 10.

10 April, 05:28 PM

Why Zelenskyy toured the Middle East and tensions with Rheinmetall – Former Naftogaz CEO Kobolyev

Former Naftogaz CEO Andriy Kobolyev says Russia must factor in Saudi Arabia’s role, outlines the impact of the war in Iran and assesses Donald Trump’s tactics in an interview with NV on Apr. 7.

7 April, 01:26 PM

India quadruples imports of Venezuelan oil, emerging as top buyer

Indian refiners have become the largest buyers of Venezuelan oil, replacing China as the top importer after the United States took control over the country’s oil sales, Bloomberg reported on Apr. 2.

2 April, 02:36 PM

Saudi Arabia to cut oil shipments to China and India amid Middle East war

Saudi Arabia’s oil sales to its two biggest Asian buyers, China and India, will be lower than usual in April due to supply disruptions caused by the war in the Middle East, Bloomberg reported on March 26.

26 March, 11:56 AM

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

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