oil

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

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

oil

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