Russia oil exports

Russia’s oil reserves may last only 25 years

Russia’s oil-driven economy is nearing its final years, with profitable proven oil reserves sufficient for only 25 years of baseline production, The Moscow Times reported on Sept. 4.

4 September 2025, 04:30 PM

Key Russian oil pipeline disabled ‘indefinitely’ after Ukrainian strike

The Soviet-era Druzhba oil pipeline, which connects Russia to several European countries, has stopped pumping for an “indefinite period” after a Ukrainian drone strike damaged a key pumping station in Russia’s Tambov Oblast on Aug. 18.

19 August 2025, 12:05 AM

U.S. warns China of 100% tariffs over Russian oil purchases

U.S. Treasury Secretary Scott Bessent warned Chinese officials that continued purchases of sanctioned Russian oil would lead to high tariffs, he said at the conclusion of two days of U.S.-China trade talks in Stockholm on July 29, according to Reuters.

30 July 2025, 01:51 PM

Hungary’s Mol targets Odesa-Brody pipeline to replace Russian oil imports

Mol, a Hungarian oil company facing criticism for its heavy dependence on Russian energy, views the Odesa-Brody pipeline as its best option for diversification, Bloomberg reported on July 8.

9 July 2025, 02:20 PM

Moscow negotiating increased oil supply to China through Kazakhstan

Russia is negotiating with Kazakhstan to increase oil transit to China by 2.5 million tons annually through the Atasu-Alashankou pipeline, with no set timeline for agreement, Kazakhstan’s Energy Minister Erlan Akkenzhenov said on June 17, according to news agency Interfax.

17 June 2025, 03:10 PM

Russia illegally transfers oil at sea near Greece and Cyprus — Ukrainian Intelligence

The aggressor state Russia is conducting illegal ship-to-ship oil transfers in open waters off the coasts of Greece and Cyprus, Ukraine's Military Intelligence (HUR) wrote on June 16.

16 June 2025, 12:49 PM

Lower oil price cap could slash Russia’s revenue by billions

Lowering the Russian oil price cap from $60 to $45 per barrel could cut Russia’s May 2025 revenue by 27%, or €2.8 billion ($3.2 billion), in May alone but full compliance remains elusive, the Center for Research on Energy and Clean Air (CREA) reported on June 13.

14 June 2025, 02:01 PM

Russia’s oil revenues fall to two-year low — report

Russian revenues from crude oil exports fell to a two-year low as global energy prices continue to slide, Bloomberg reported on May 28.

28 May 2025, 11:48 PM

Brussels targets Russia’s ‘shadow fleet’ in new sanctions package draft

The European Commission has finalized a 17th sanctions package against Russia, largely focused on its fleet of uninsured tankers exporting crude oil, Bloomberg and Reuters reported on May 6.

6 May 2025, 10:21 PM

India boosts Russian crude imports to two-year high

India’s imports of Russian crude oil climbed to 2.15 million barrels per day in April 2025, marking the highest monthly volume since May 2023, Bloomberg reported on April 22, citing data from analytics firm Kpler.

22 April 2025, 04:28 PM

Moscow’s oil cash dries up as exports plunge to lowest since 2023

Russia's oil export revenues have reached the lowest level since mid-2023 with exports sliding for the third straight week and prices falling amid the U.S. trade war with China, Bloomberg reported on April 15.

16 April 2025, 09:18 AM

Russia stirs Nord Stream revival debate in US talks

Russian Foreign Minister Sergey Lavrov claims the United States and Russia are discussing the Nord Stream pipelines and Western pressure on Europe over Russian gas, according to the Kremlin-controlled news agency TASS.

26 March 2025, 12:32 PM

Kremlin targets Shell with $1.6 billion claim over 2022 gas deliveries

Russia’s Prosecutor General’s Office is demanding €1.5 billion ($1.6 billion) from oil and gas titan Shell to compensate Gazprom Export for unpaid gas deliveries in 2022, potentially tapping into funds reserved from Shell’s exit from the Sakhalin-2 project, The Moscow Times reported on March 25.

25 March 2025, 08:15 PM

Russia’s Rosneft nets trillion-ruble profit in 2024

Rosneft, Russia’s largest oil firm, posted a net profit of 1.34 trillion rubles ($14.5 billion) in 2024, down 14.4% from 2023, yet still surpassing the trillion-ruble mark despite ongoing Western sanctions, The Moscow Times reported on March 21.

21 March 2025, 04:35 PM

Kremlin loses billions as Russia’s oil income plummets in February

Russia saw a significant decline in oil and petroleum product export earnings in February 2025, down $2.44 billion or 15.5% from January 2024 to $13.28 billion, and $2.61 billion less than February 2024, The Moscow Times reported on March 12.

13 March 2025, 03:13 PM

Russia’s oil and gas revenues plummet, budget shortfall reaches billions

Russia's federal budget revenues from oil and gas decreased by 18.4% (174 billion rubles or $1.95 billion) compared to February 2024, totaling 771.3 billion rubles ($8.64 billion), the Moscow Times business outlet reported on March 5.

5 March 2025, 02:02 PM

Iraq and Kurdistan resolve oil dispute, paving way for Russian projects

Iraq's federal government and the Kurdistan autonomous region have settled their long-standing oil-related disputes, paving the way for Russian energy projects to resume operations in the region, The Moscow Times reported on Feb. 27.

27 February 2025, 01:55 PM

Russia oil exports

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