oil

Shadow fleet fails to offset Russia's declining oil revenues amid war in Ukraine

Russia's oil export revenues dropped by $1.1 billion in November 2024, totaling $14.6 billion, due to lower prices and export volumes, according to the KSE Institute on Jan. 11.

11 January 2025, 01:36 PM

White House clarifies sanctions against Russia aren't tied to peace talks

The Biden administration denied that new sanctions against Russia were used as a "bargaining chip" in potential peace talks, as there is no indication the parties are ready for such negotiations, White House adviser John Kirby said during a briefing on Jan. 11.

11 January 2025, 11:35 AM

Russia to lose billions in monthly revenue due to new US sanctions

The United States anticipates that new sanctions targeting Russian oil companies will result in Moscow losing billions of dollars in revenues each month, Reuters reported on Jan. 10.

10 January 2025, 09:39 PM

Russia's ‘shadow fleet’ tankers barred from major Chinese ports

Shandong Port Group has banned tankers under U.S. sanctions from entering its ports in the eastern Chinese province of Shandong, Reuters reported on Jan. 7, citing sources.

7 January 2025, 10:32 PM

Oil slicks from Russian tankers found near Sevastopol, stretching several kilometers — photos

Fuel oil stains covering several kilometers were found near Sevastopol in Russian-occupied Crimea, according to satellite imagery, the Crimean Wind Telegram channel reported on Jan. 6.

6 January 2025, 02:59 PM

Biden team to impose sanctions on Russian shadow fleet tankers

The Biden administration plans to impose additional sanctions on Russia over its war in Ukraine, targeting tankers carrying Russian oil, Reuters reported, citing two sources familiar with the matter on Jan. 6.

6 January 2025, 01:15 PM

UK sanctions 20 vessels for transporting Russian oil

The United Kingdom is expanding sanctions against 20 tankers that were carrying Russian oil in violation of existing restrictions, PM Keir Starmer said on Dec. 17.

17 December 2024, 09:31 PM

Russian oil export revenues increase by $1.2 billion in October 2024

Russia's oil export revenues rose by $1.2 billion to $15.6 billion in October 2024, driven by higher prices and stable volumes, the KSE Institute reported on Dec. 10.

10 December 2024, 11:35 AM

EU fails to approve 15th Russia sanctions package

EU ambassadors were unable to unanimously approve the proposed 15th sanctions package against Russia, aimed at countering Russia’s ‘shadow fleet’ of tankers used for oil exports, Reuters reported on Dec. 6.

6 December 2024, 09:56 PM

Falling oil prices hit Moscow’s war chest

Russia's oil revenues, a key source of funding its war effort against Ukraine, fell for the second month in a row amid lower prices for the country's crude, Bloomberg reported on Dec. 4, citing Finance Ministry data released the same day.

5 December 2024, 03:00 PM

UK expands sanctions targeting Russia’s ‘shadow fleet’ of oil tankers

The United Kingdom introduced a new sanctions package, marking its most extensive effort against Russia's 'shadow fleet,' which has transported oil and petroleum products worth billions of dollars over the past year.

25 November 2024, 10:03 PM

Will lower oil prices help defeat the Kremlin — opinion

Oil exports are one of the key revenue sources for the Russian budget, especially in the context of the prolonged war against Ukraine. Following the full-scale invasion, the international community began actively imposing sanctions to weaken the financial inflow into the Russian economy.

8 November 2024, 10:00 PM

Russian oil prices fall below $60 per barrel for first time in 2024

In September, a drop in global oil prices pushed Brent crude to its lowest level since late 2021, which also reduced the value of Russian Urals crude and hurt oil company revenues. At the start of the week, the price of Russian oil at Baltic Sea ports fell below $60 per barrel for the first time this year, reports Bloomberg.

15 September 2024, 12:17 PM

After agreement with MOL, Russian Lukoil resumes oil supply to Hungary and Slovakia

Russian company Lukoil plans to resume oil supplies via the Druzhba pipeline to Slovakia and Hungary, following Hungarian MOL’s announcement of the unblocking of crude oil transportation through Belarus and Ukraine.

11 September 2024, 02:49 PM

Russian Defense Ministry claims 158 drones targeted 15 oblasts

The Russian Defense Ministry claims that 158 drones were intercepted during an attack on 15 Russian oblasts in the early hours of Sept.1. However, various social media channels are showing numerous videos of successful drone strikes within Russian territory.

1 September 2024, 02:32 PM

Fire at Moscow oil refinery assigned highest difficulty level after drone attack — Russian media

A large-scale fire broke out at the Moscow Oil Refinery after a Sept. 1 drone attack, according to Russian propaganda media, which cited emergency services.

1 September 2024, 10:14 AM

Gazprom's profits soar to $11.4 billion in first half of 2024

Gazprom, the Russian energy giant, reported a net profit of 1.04 trillion rubles ($11.4 billion) for the first half of 2024, according to international financial reporting standards, news agency Interfax reported on Aug. 29.

30 August 2024, 12:24 PM

HUR and Special Operations Forces strike oil depot in Russia’s Rostov Oblast supplying fuel to Russian troops

Ukrainian drones operated by the military from the Main Intelligence Directorate (HUR) and Special Operations Forces have struck the Atlas oil depot near Kamensk-Shakhtinsky in Russia’s Rostov Oblast, sources told NV on Aug. 28.

28 August 2024, 12:28 PM

Zelenskyy urges India to halt Russian oil imports

If India’s government stops importing oil from Russia, the regime of dictator Vladimir Putin will lose billions, Ukrainian President Volodymyr Zelenskyy said in an interview published on Aug. 25 by Indian media.

25 August 2024, 05:25 PM

Fuel prices set to rise amid excise tax hike

Starting Sept. 1, 2024, traders anticipate an increase in the price of autogas due to the expected signing of Bill No. 11256-2, which proposes raising excise taxes on fuel, by Verkhovna Rada Chairman Ruslan Stefanchuk and President Volodymyr Zelenskyy.

22 August 2024, 02:52 PM

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