Russian oil

A hungry ration for Orbán: How a Ukrainian drone strike disrupted Russian oil transit to Hungary

A Ukrainian drone and missile strike that hit the Unecha pumping station in Russia’s Bryansk Oblast has halted Russian oil transit to Hungary for four days, sources in the oil and gas market told NV Business. While the strike sparked outrage in Budapest, it also coincided with a scheduled pipeline shutdown on the Russian side.

17 August 2025, 11:35 AM

Bessent scolds Europe for buying Russian oil

Despite their stated goal of starving Moscow of revenues that fund its war against Ukraine, European countries continue purchasing Russian-sources oil products, U.S. Treasury Secretary Scott Bessent said on Aug. 14.

15 August 2025, 12:53 AM

Indian oil giant struggles with supply after EU sanctions on Rosneft

Indian oil refiner Nayara Energy is set to receive its lowest-ever volume of crude oil this month as both imports and exports decline under European Union sanctions, Bloomberg reported on Aug. 12.

12 August 2025, 03:55 PM

Ukrainian drone strike halts operations at Saratov refinery

Russia’s Saratov oil refinery has paused crude intake on Aug. 11, one day after a Ukrainian drone attack on the facility, Bloomberg reported, citing a source familiar with the situation.

11 August 2025, 11:46 PM

Russia lost $17 billion in oil price slump—Ukrainian intelligence

Russia’s federal budget revenues from energy exports have declined sharply in 2025, driven by falling oil prices and collapsing natural gas sales to the EU, Ukraine’s Foreign Intelligence Service reported on Aug. 7.

7 August 2025, 11:37 PM

India scales back Russian oil purchases

State-owned Indian refineries will not buy Russian crude during the next purchasing cycle, in apparent reaction to U.S. tariff pressure, Bloomberg reported on Aug. 7.

7 August 2025, 09:37 PM

India protests additional 25% U.S. tariffs related to Russian oil trade

The decision by U.S. President Donald Trump to impose an additional 25% tariff on Indian imports to the United States is “extremely unfortunate,” India’s Foreign Ministry said in a statement on Aug. 6.

6 August 2025, 11:41 PM

Ryazan oil refinery output halved after Ukrainian drone attack

The Ryazan Refinery, operated by Russia’s state-owned oil giant Rosneft, had to cut its throughput capacity by half after being damaged in a recent Ukrainian drone attack, Reuters reported on Aug. 4, citing sources.

5 August 2025, 01:09 AM

Trump to hike Tariffs on India over Russian oil trade

The United States will “substantially” raise tariffs on Indian goods after New Delhi refused to stop purchasing Russian crude oil, U.S. President Donald Trump said on Aug. 4.

4 August 2025, 08:10 PM

‘Thinks he holds the cards’: Beijing rejects Trump’s ultimatum to stop buying oil from Russia and Iran

Washington and Beijing may find common ground on many of their disputes to finalize a trade deal, but one issue remains a major sticking point: the U.S. demand that China halt oil purchases from Russia and Iran. That’s according to a report by the Associated Press published on Aug. 4.

4 August 2025, 02:31 PM

UK joins EU’s new sanctions on Russian oil

London will join the EU in enforcing a lower price cap on sales of Russian oil worldwide, the UK government said in a statement on July 18.

18 July 2025, 09:38 PM

Slovakia continues to veto EU’s new Russia sanctions

The European Commission has failed to persuade Slovakia to drop its opposition to EU’s proposed 18th package of sanctions against Russia, Reuters reported on July 15.

15 July 2025, 10:31 PM

EU to slash Russian oil profits with dynamic price cap

The European Union is expected to agree on July 14 the 18th package of sanctions against Moscow for its full-scale invasion of Ukraine that would include a dynamic price cap on Russian oil, Reuters reported on July 13, citing four EU sources.

14 July 2025, 07:07 AM

EU plans tougher sanctions on Russian crude

In its next sanctions package, the European Union is planning a mechanism to dynamically adjust the price cap on Russian oil in response to market fluctuations, Bloomberg reported on July 11.

12 July 2025, 04:40 PM

Estonia opposes EU going soft on Russian oil, threatens veto

Estonia may veto EU’s 18th package of Russia sanctions if it does not include lowering the price cap on Russian oil, Foreign Minister Margus Tsahkna said on July 9.

10 July 2025, 02:11 AM

EU hopes to adopt 18th Russia sanctions package despite Hungarian and Slovak objections

EU diplomats expect to reach an agreement on the 18th package of sanctions against Russia during this week’s European Council meeting, Reuters reported on June 24.

25 June 2025, 02:11 AM

$30 oil price cap could compel Russia to stop, Zelenskyy says

Moscow would be unable to finance its war against Ukraine or launch an attack on NATO if the West lowers the price cap on Russian oil from $60 to $30 per barrel, Ukrainian President Volodymyr Zelenskyy said on June 24.

25 June 2025, 01:28 AM

EU shelves $45 Russian oil price cap as Israel–Iran war agitates markets

European Union officials have delayed plans to lower the price cap on Russian oil from $60 to $45 per barrel amid the escalating war between Israel and Iran, Politico reported on June 20, citing multiple EU sources.

21 June 2025, 10:10 AM

Russian ‘shadow fleet’ tanker catches fire in Gulf of Oman

Crude oil tanker Adalynn, part of Russia’s sanction-busting “shadow fleet,” caught fire after colliding with another tanker, Front Eagle, in the Gulf of Oman on June 17.

17 June 2025, 09:44 PM

Canada expands Russia sanctions, allocates billions in Ukraine aid

The Canadian government will provide Ukraine with CAD2 billion ($1.5 billion) in military aid and expand sanctions against Russia, Canadian PM Mark Carney said during a meeting with President Volodymyr Zelenskyy on June 17.

17 June 2025, 08:42 PM

Russian oil

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