oil

Ukrainian agriculture defies war with record exports

The export of grains and oilseeds in the July-January period of the 2024/25 marketing year increased by 13.4% to $11 billion compared to the same period last year, the Ukrainian Grain Association (UGA) reported on Facebook on Feb. 25.

26 February 2025, 01:52 PM

Ukrainian President to address oil price issue in Saudi Arabia

Ukrainian President Volodymyr Zelenskyy said his visit to Saudi Arabia will include discussions on oil prices, Ukrinform reports on Feb. 17.

17 February 2025, 06:59 PM

Ukraine takes out 10% of Russia’s oil refining

Russia may reduce oil production in the coming months due to U.S. sanctions and Ukrainian drone attacks targeting its oil refineries, Reuters reported on Feb. 13.

13 February 2025, 11:38 PM

US sanctions on Russian and Iranian oil lead to floating storage surge

The volume of Russian and Iranian oil stored on tankers has reached a multi-month high as stricter U.S. sanctions have reduced the number of buyers and available tankers for shipments, Reuters reported on Feb. 12.

12 February 2025, 07:37 PM

Ukrnafta uses 3D seismic technology to explore 600 square kilometers in challenging conditions

In 2024, Ukrnafta, a leading Ukrainian oil and gas company, conducted 3D seismic surveys across 600 square kilometers of its technological areas, covering eight oil fields and sites, the company’s press service reported on Feb. 12.

12 February 2025, 06:40 PM

Cyber specialists from Ukraine strike Russian cyberspace in key operation

On Feb. 7-8, Ukraine’s Defense Ministry and Armed Forces cyber specialists carried out a successful operation in Russia’s cyberspace, sources in the intelligence services told NV on Feb. 12.

12 February 2025, 11:58 AM

Russia's oil and gas reserves grow amid war in Ukraine

Russia's oil and gas reserves have exceeded the level of production in 2024, The Moscow Times reported on Feb. 6, citing the Russian Ministry of Natural Resources.

6 February 2025, 01:45 PM

Serbia petitions US to postpone sanctions against Gazprom’s subsidiary

Serbian hydrocarbon company Naftna Industrija Srbije (NIS, a subsidiary of Russia’s Gazprom) has submitted a request to the U.S. Treasury Department's Office of Foreign Assets Control (OFAC) to postpone financial sanctions for at least 90 days.

4 February 2025, 09:39 PM

Another Russian refinery stopped after drone strike

The SIBUR-Kstovo oil refinery in Russia’s Nizhny Novgorod Oblast suspended its operations after an attack by Ukrainian drones on Jan. 29, according to Russian Telegram channel Astra.

1 February 2025, 01:19 AM

Russia’s war chest grows: Oil boom fuels Kremlin’s war budget

Russia’s oil and gas revenues grew to about 30% of the federal budget in 2024 due to rising oil prices, Deputy Prime Minister Alexander Novak wrote in a column for Energy Policy.

30 January 2025, 06:45 PM

Ukraine holds the key: Plan to slash Russian oil exports by 30% gains traction

The latest U.S. sanctions package, introduced on Jan. 10, has already caused delays in Russian oil shipments, but there is a way to cut Russia’s exports by 30%, according to Serhii Makohon, former CEO of Ukraine’s Gas Transmission System Operator (2019-2022).

30 January 2025, 05:35 PM

Ukraine launches system for minimum oil reserves to ensure energy security

Ukraine’s Energy Ministry has designated the company Market Operator as responsible for administering an electronic reporting system for minimum oil and petroleum product reserves, the company’s press service reported on Jan. 30.

30 January 2025, 02:58 PM

SBU, SOF behind drone strike on oil pumping station in Russia’s Tver — NV source

Ukraine’s SBU security service and Special Operations Forces (SOF) carried out a drone strike on the Andreapol oil pumping station and a missile arsenal in Russia's Tver Oblast, national security sources told NV on Jan. 29.

29 January 2025, 08:08 PM

Trump’s bold oil ultimatum shakes prices, promises to end war immediately

Oil prices dropped on Jan. 27 following U.S. President Donald Trump’s call for OPEC to lower prices after announcing broad measures to boost oil and gas production in the U.S. during his first week in office.

27 January 2025, 12:46 PM

$45 oil price cap would bring Russia to negotiating table — Kellogg

Ensuring that Moscow cannot get more than $45 per barrel for its oil exports would compel the Kremlin to negotiate a peace deal with Kyiv, U.S. Special Representative for Ukraine Keith Kellogg said on Jan. 24.

25 January 2025, 12:19 AM

Oil spill from Russian tankers reaches Odesa Oblast — photos

Oil from Russian tankers Volgoneft-239 and Volgoneft-212 has reached Odesa’s coast, a nature park professor said on Facebook on Jan. 24.

24 January 2025, 04:48 PM

Zelenskyy supports leveraging oil prices as instrument of peace

Slashing Russia’s export revenues, including those from the sale of oil abroad, is key to establishing peace in Ukraine, President Volodymyr Zelenskyy said on Jan. 23.

24 January 2025, 02:17 AM

Lowering oil prices will compel Russia to seek peace — Trump

Washington will demand higher crude output from Saudi Arabia to reduce global oil prices and thereby compel Moscow to end the war in Ukraine, U.S. President Donald Trump said on Jan. 23.

23 January 2025, 09:38 PM

US sanctions drive oil price jump as China and India seek new suppliers

Oil prices rose, with Brent crude topping $80 a barrel, its highest in over four months, as U.S. sanctions are expected to affect Russian oil exports to top buyers China and India, Reuters reports on Jan. 13.

13 January 2025, 12:55 PM

Russian shadow tankers stranded off China’s coast

U.S. sanctions against Moscow's shadow fleet are keeping three Russian tankers with more than 2 million barrels of oil off the coast of eastern China, Andrii Yermak, head of the Ukrainian presidential administration, wrote on Telegram on Jan. 13.

13 January 2025, 12:11 PM

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