Russian oil

Trump’s sanction demands are unworkable — and he knows it

U.S. President Donald Trump has told European leaders he wants them to curb purchases of Russian oil before he moves forward with new sanctions on Moscow — a condition that is virtually impossible to meet, and one both Trump and his advisers are well aware of, The New York Times reported on Sept. 14.

14 September 2025, 04:07 PM

NZ joins allies in slashing Russia’s oil price cap

New Zealand will join the EU, Britain, and Canada in lowering the price cap on Russian crude oil from $60 per barrel to $47.60 as part of the 32nd round of sanctions against the Russian dictator Vladimir Putin’s regime, Foreign Minister Winston Peters announced on Sep. 12.

12 September 2025, 02:32 PM

U.S.–India trade deal requires New Delhi abandoning Russian oil, Secretary Lutnick says

The United States could sign a comprehensive trade agreement with India if New Delhi stops purchasing Russian oil, U.S. Commerce Secretary Howard Lutnick said on Sept. 11.

12 September 2025, 01:36 AM

Ukrainian strikes on Russian oil may benefit U.S. refineries — Reuters

A recent wave of Ukrainian drone attacks on Russian refineries and export infrastructure could boost global profits for oil processing in the United States, Reuters wrote on Sept. 9.

9 September 2025, 12:30 PM

U.S. urges Europe to cut off Russian oil and gas

European countries have to stop buying Russian oil and gas if they want Washington to impose stricter sanctions against Russia, U.S. Energy Secretary Chris Wright said in an interview with Financial Times, published on Sept. 8.

9 September 2025, 09:00 AM

India to continue importing Russian oil, finance minister says

India, one of the biggest sources of revenue for Moscow, will continue purchasing Russian crude despite punitive U.S. tariffs, Reuters reported on Sept. 5, citing Indian Finance Minister Nirmala Sitharaman.

6 September 2025, 02:04 AM

Ukraine ready to supply Slovakia with oil and gas coming from anyone but Russia

Ukraine is eager to cooperate with Slovakia on various energy projects, including electricity imports and the transit of oil and natural gas via its pipelines, provided the fuel is not sourced from Russia, Ukrainian President Volodymyr Zelenskyy said on Sept. 5.

5 September 2025, 08:31 PM

Trump ‘unhappy’ that Hungary, Slovakia buy Russian oil, Zelenskyy says

U.S. President Donald Trump is “very unhappy” about Hungary and Slovakia continuing to buy Russian oil, Ukrainian President Volodymyr Zelenskyy said on Sept. 4.

4 September 2025, 09:41 PM

Canada joins EU, UK in Russian oil cap slash

Ottawa will join Brussels and London in lowering the price cap for Russian oil by 12% to make it harder for the Kremlin to fund its ongoing aggression against Ukraine, Canada’s Foreign Minister Anita Anand and Finance Minister François-Philippe Champagne announced amendments to the Special Economic Measures (Russia) Regulations on Sep. 3.

4 September 2025, 09:58 AM

Lithuania offers to help Hungary cut off Russian oil

Lithuania has offered to assist Hungary in breaking free from its dependence on Russian oil, emphasizing that true energy security for the European Union is only possible without ties to Moscow, according to a statement by Lithuanian Foreign Minister Kęstutis Budrys.

30 August 2025, 12:07 AM

Ukraine’s refinery strikes worsening Russia’s fuel crisis and inflation outlook – ISW

Ukrainian drone strikes on oil refineries inside Russia have exacerbated the country’s gasoline shortage, likely accelerating inflation and worsening an already fragile economic outlook, the Institute for the Study of War (ISW) said in an Aug. 28 report.

29 August 2025, 02:23 PM

India to increase Russian oil imports in September despite U.S. tariffs

Indian oil refineries plan to boost purchases of Russian crude by 10% to 20% in September, traders told Reuters on Aug. 28, even after the United States imposed new 50% tariffs on Indian imports.

29 August 2025, 02:04 AM

Russia forced to extend fuel exports ban

The Kremlin has extended restrictions on gasoline exports for two additional months as Russia struggles with a fuel crisis, independent newspaper The Moscow Times reported on Aug. 27.

27 August 2025, 11:38 PM

Ukraine drone strikes hit 10 Russian refineries, wiping out 17% of oil output

Ukraine has ramped up drone strikes on Russian oil refineries and export infrastructure, hitting a critical sector of dictator Vladimir Putin’s economy, Reuters reported on Aug. 25.

26 August 2025, 10:34 AM

Five days to repair Druzhba oil pipeline, Russia tells Hungary

It will take Russia at least five days to repair the pumping station at its Druzhba oil pipeline that was recently damaged in a Ukrainian drone strike, Hungarian Foreign Minister Peter Szijjártó said on Aug. 22.

23 August 2025, 12:47 AM

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

Putin opens door for Exxon’s return to Sakhalin-1 project

Russian dictator Vladimir Putin signed a decree that could permit foreign investors, including U.S. oil giant Exxon Mobil, to regain their stakes in the Sakhalin-1 oil and gas project, Reuters reported on Aug. 15.

18 August 2025, 11:55 AM

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

Russian oil

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