oil

Brent and WTI oil prices rise after reported U.S. strike on Iran

Oil prices edged higher on Nov. 3 after reports of a U.S. strike on Iran's Qeshm Island raised fears of an escalation in the eight-month conflict and prolonged disruptions to Middle Eastern oil supplies, Reuters reported on Nov. 3.

3 November, 10:07 AM

Kazakhstan halts oil transit to Russia after drone attack on Samara

Kazakhstan temporarily halted oil exports to Russia through the Atyrau-Samara pipeline after a Ukrainian drone strike on Russia’s Samara Oblast on Nov. 2, Bloomberg reported, citing the Kazakh Energy Ministry.

2 November, 07:56 PM

Fire Point confirms FP-1 drone strike on Russia's Novokuibyshevsk oil refinery

Ukrainian forces struck the Novokuibyshevsk oil refinery in Russia's Samara Oblast using FP-1 drones, Ukrainian defense company Fire Point reported on Oct. 30.

30 October, 02:47 PM

Trump accuses Iran of driving up oil prices before U.S. midterms

Iran is trying to drive up oil prices ahead of the Nov. 3 midterm elections, U.S. President Donald Trump said on Oct. 22.

23 October, 02:51 AM

Every billion Russia earns from oil exports will fund its war against Ukraine — Zelenskyy

Ukrainian President Volodymyr Zelenskyy warned that allowing Russia to sell petroleum products would give Moscow more money to spend on its war against Ukraine on Oct. 10.

10 October, 07:42 PM

Up to $200 million worth of oil destroyed at Samara depot

Damage from Ukrainian drone strikes on the Samara crude oil depot could total about $200 million, accounting for the discount on Urals crude, according to an OSINT analysis published by Supernova+ via Telegram on Oct. 2.

3 October, 02:21 AM

Ukraine hits two Russian defense plants, oil facilities and targets in Black Sea — Zelenskyy

Ukrainian forces and the Security Service carried out a series of long-range strikes on Russian military and oil facilities and targets in the Black Sea overnight, President Volodymyr Zelenskyy said on Sept. 28.

28 September, 04:47 PM

Former MP Pashynskyi reaches $27 million deal with prosecution

Ukraine’s High Anti-Corruption Court approved a plea agreement involving former MP Serhiy Pashynskyi in a case concerning petroleum products seized back in 2014, the Specialized Anti-Corruption Prosecutor's Office (SAPO) announced on Sept. 24.

24 September, 08:41 PM

U.S. billionaire's firm wins 30-billion-barrel Venezuela field

Continental Resources, the company founded by billionaire and shale-oil pioneer Harold Hamm, has agreed to explore for oil in Venezuela amid the Trump administration's calls for U.S. companies to help revive the country's oil sector, Bloomberg reported on Sept. 16.

17 September, 03:10 PM

Two major Russian oil refineries halt operations after Ukrainian strikes – General Staff

Two major Russian oil refining facilities halted operations after being struck by Ukrainian forces, Ukraine’s General Staff said on Sept. 4.

4 September, 05:08 PM

Italy's Eni to develop giant Venezuelan oil field with 35 billion barrels

Italian energy company Eni has reached an agreement with Venezuelan state oil company PDVSA to jointly develop the Junín 5 oil field in Venezuela's Orinoco Belt. The 25-year deal makes Eni the field's operator, according to the company’s announcement on Sept. 2.

4 September, 11:45 AM

U.S. to take over Venezuelan oilfields previously run by Chinese, Russian firms

U.S. oil company North American Blue Energy Partners (NABEP) will take over some oilfields in Venezuela previously controlled by several Chinese companies and a Russian firm, Reuters reported on August 31, citing two U.S. officials.

1 September, 11:45 AM

Russia extends ban on diesel fuel exports by producers

The Russian government extended until Sept. 30 a ban on producers exporting diesel fuel, marine fuel and gas oils, DW reported on Aug. 30.

31 August, 01:24 AM

Georgia's only refinery to end Russian oil purchases and switch to Kazakh and Libyan crude

Black Sea Petroleum LLC, which owns the oil refinery at Georgia's Kulevi port, will switch to processing Kazakh and Libyan crude in August and September 2026, ending purchases of Russian oil, The Moscow Times reported on Aug. 3.

3 August, 05:29 PM

Russian coal exports face vessel shortage after Ukraine's attacks

Ukrainian attacks in the Black Sea have sharply reduced the number of vessels available to export coal from Russia, disrupting shipments and tightening shipping capacity, The Moscow Times reported on Aug. 3.

3 August, 01:36 PM

Zelenskyy confirms strikes on Russian oil sites, terminal

Ukraine's Defense Forces struck a Russian export terminal and oil facilities in the Rostov and Yaroslavl oblasts, and in the Udmurt Republic, President Volodymyr Zelenskyy confirmed on X on July 27.

27 July, 01:08 PM

Ukraine's SBU strikes Russian oil facilities in Bashkortostan, Ulyanovsk and Kaluga oblasts

Ukraine's Security Service carried out a series of long-range strikes, targeting Russian oil and military infrastructure in Russia and occupied Crimea, the SBU said on July 24.

24 July, 04:56 PM

Russian shadow fleet tanker suspected of oil spill

A tanker from Russia's sanctioned shadow fleet likely spilled oil off the coast of Oman, Reuters reported, citing satellite images analyzed by independent experts on July 18.

18 July, 05:36 PM

Japan to end reliance on Strait of Hormuz for oil imports from July

Japanese Prime Minister Sanae Takaichi said Japan will source all of its crude oil imports from suppliers outside the Strait of Hormuz starting in July, as the country seeks to reduce its exposure to geopolitical risks, Bloomberg reported on June 11.

11 June, 07:02 PM

Belarus sharply increases gasoline and diesel deliveries to Russia amid supply crunch

Belarus sharply increased rail shipments of gasoline and diesel from its refineries to Russia in May as fuel shortages worsened there because of seasonal demand growth and lower output caused by Ukrainian attacks, The Moscow Times reported on June 9.

9 June, 03:25 PM

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