Russian oil

Syria agrees to sharply cut Russian oil imports during U.S. sanctions talks

Syria has agreed to sharply reduce imports of Russian oil as part of ongoing talks with the United States on lifting remaining major sanctions, Reuters reported, citing three sources familiar with the negotiations on Aug. 4.

4 August, 04:52 PM

Russia's energy revenues surge 60% in July

Russian oil and gas revenues are set to rise 60 percent in July year-over-year, Reuters reported on July 23, citing own calculations.

23 July, 11:56 PM

Russian refinery subsidies jump sixfold in June

Payments from Russia’s state budget to refineries that supply the domestic market rose more than sixfold in June year-over-year, Bloomberg reported on June 3, as the government moves to ameliorate fuel shortages.

4 July, 01:20 AM

Georgia pivots away from processing Russian oil

The Kulevi Oil Refinery, Georgia’s only crude processing facility, will stop cracking Russian crude in the coming months, its owner, Black Sea Petroleum (BSP), announced on July 2.

2 July, 08:39 PM

Fuel rationing spreads further across Russia

Authorities in four more Russian regions, Yakutia, Bashkortostan, Primorsky Krai, and Krasnodar Krai, have announced gasoline and diesel rationing, independent newspaper The Moscow Times reported on June 29.

29 June, 09:43 PM

U.S. oil sanctions against Russia back in place, Kyiv says

The United States did not extend the waiver exempting Russian oil shipments from its sanctions regime, meaning that the restrictions are once again in effect, Ukraine’s presidential commissioner for sanctions policy Vladyslav Vlasiuk said on June 26.

26 June, 10:51 PM

Trump ‘hugely impressed’ by Ukraine’s long-range strikes on Russia — FT

U.S. President Donald Trump was “hugely impressed” by Ukraine’s sustained campaign of long‑range strikes targeting Russian industry during last week’s G7 summit in France, the Financial Times reported on June 23, citing people familiar with the matter.

23 June, 07:55 PM

Not in Ukraine’s interests to completely stop Russian oil exports, expert suggests

While Ukraine continues degrading Russia’s oil export infrastructure, choking off the flow of Russian crude entirely would be counterproductive, Oleksandr Kharchenko, director of the Energy Industry Research Center, told NV Radio on June 17.

18 June, 02:56 AM

Russia turns to seaborne gasoline imports

Russia plans to begin sea imports of gasoline for the first time in a long while to make up for fuel shortages that followed Ukrainian strikes on oil refineries, Reuters reported on June 17, citing unnamed sources.

17 June, 09:54 PM

Russia to cut crude exports in June — report

Russia plans to reduce crude oil exports in June and increase domestic refining to try and avoid fuel shortages, Reuters reported on June 8, citing industry sources.

9 June, 12:39 AM

Russia’s fuel subsidy saps oil price windfall

Russia’s domestic fuel subsidy program is cutting into windfall profits from surging oil prices, Bloomberg reported on June 3, citing government data.

4 June, 01:09 AM

France arrests Russian shadow fleet tanker captain

The prosecutor’s office in Brest has placed the captain of Russian oil tanker Tagor in custody after France detained the vessel on May 31, Le Monde reported on June 3.

4 June, 12:19 AM

Russia begins production at massive Siberian oil fields once deemed unprofitable

Gazprom group began "full-scale oil production" at the Chonsky group of fields in Eastern Siberia in late May, the news agency Interfax-Russia wrote.

3 June, 10:36 AM

Rubio: U.S. eager to reinstate Russian oil sanctions

The United States would like to end exemptions to oil sanctions on Russia as soon as possible, Secretary of State Marco Rubio said on June 2.

3 June, 12:19 AM

Ukraine targets Russia’s land corridor as Crimea’s fuel shortages deepen — interview

Serhii Bratchuk, spokesperson for the Ukrainian Volunteer Army, spoke to Radio NV about Ukraine’s fire control over Russia’s southern land corridor and the mood in occupied Crimea.

1 June, 12:50 PM

More than half of Russia's shadow fleet poses massive oil spill risk — FT

More than half of the tankers in Russia's shadow fleet may be in a hazardous technical condition, posing a risk of a massive oil spill, the Financial Times reported recently.

1 June, 08:54 AM

U.S. Treasury extends licence for sale of Lukoil foreign assets until late June

The U.S. Treasury Department's Office of Foreign Assets Control (OFAC) has extended the deadline for the sale of Russian oil giant Lukoil’s foreign assets by nearly a month, according to an OFAC document dated May 28.

29 May, 02:20 PM

Canada prioritizes LNG export to replace Russian gas

Canada plans to replace Russian gas on the global market with its own domestically produced natural gas by expanding its export capabilities, Canadian Prime Minister Mark Carney said, Ukrinform reported on May 28.

28 May, 12:42 PM

Turkey to cut Russian oil imports to 18-month low

Turkey will cut imports of Russian Urals crude from Baltic and Black Sea ports in May to the lowest level in nearly 18 months, Reuters reported on May 27, citing data from LSEG, Kpler, and industry traders.

28 May, 02:32 AM

Central Russia refineries stopped after Ukrainian strikes, report says

Nearly all major oil refineries in central Russia have been forced to halt or cut fuel production after a series of Ukrainian drone strikes in recent days, Reuters reported on May 20, citing sources.

21 May, 02:29 AM

Russian oil

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