Russian oil

Russia's oil production falls for fourth straight year, hitting lowest level since 2009

Russia's oil production is forecast to decline for a fourth straight year in 2026, hitting its lowest level in 17 years, according to projections from Russia's Ministry of Economic Development cited by The Moscow Times on May 12.

13 May, 05:15 PM

Ukraine strikes KINEF refinery; processing halted — Reuters

Kirishinefteorgsintez (KINEF), one of Russia’s largest oil refineries, halted crude processing after another wave of Ukrainian drone strikes, Reuters reported on May 5, citing industry sources.

5 May, 08:39 PM

Russia says Ukrainian drones carry oil tanks to produce extra smoke

Veniamin Kondratyev, governor of Russia’s Krasnodar Krai claimed Ukrainian drones have been fitted with extra tanks of mazut, a heavy fuel oil, to create dramatic flames and smoke when they are shot down, describing it as a psychological attack.

2 May, 02:11 AM

Ukraine’s refinery strikes drive Russia’s oil processing to 17-year low

Russia’s oil refining runs fell to an average of 4.69 million barrels per day in April amid Ukrainian attacks on refineries, the lowest level since December 2009, Bloomberg reported on April 30.

1 May, 11:28 AM

Trump's Iran oil squeeze may not help Russia, former minister says

U.S. President Donald Trump has pivoted to trying to strangle Iran economically, but the resulting oil prices surge may not end up helping Moscow all that much, Volodymyr Ohryzko, head of the Center for Russia Studies and a former Ukrainian foreign minister, told NV Radio on April 30.

30 April, 09:10 PM

Russia vows to stick with OPEC+ after UAE steps away

Russia is not planning on leaving OPEC+ following UAE’s exit, Interfax-Russia wrote, citing Russian Deputy Prime Minister Alexander Novak, on April 30.

30 April, 12:12 PM

U.S. extends Lukoil sanctions waiver

In a fifth waiver extension of targeted sanctions, the U.S. Treasury Department has given Russia’s Lukoil until May 30 to negotiate a sale of its foreign assets, Interfax-Ukraine news agency reported on April 29.

29 April, 09:13 PM

Smoke from Tuapse oil fire chokes several Russian cities

Thick black smoke from a burning oil refinery in Russia’s Black Sea port of Tuapse stretches 380 kilometers and has covered three sizable cities by April 28 evening, as seen on EUMETSAT imagery reviewed by NV.

28 April, 07:57 PM

Tuapse oil slick nears Putin’s Gelendzhik palace

The Black Sea oil spill caused by Ukrainian drone strikes on Russian port infrastructure in Tuapse is drifting, appearing 30 kilometers away from dictator Vladimir Putin’s palatial residence in Gelendzhik, environmental monitoring project Transparent World reported on April 27.

27 April, 09:52 PM

Zelenskyy: intel shows Russian exports declining

Ukrainian intelligence concluded that Russian economic indicators continue to decline, with a notable drop in export volumes, President Volodymyr Zelenskyy said on April 27.

27 April, 07:57 PM

Russian oil now flows to Slovakia after Ukraine fixes Druzhba pipeline

Slovakia began receiving Russian oil through Druzhba pipeline after its Ukrainian section resumed operations on April 22, with oil flowing at 2 a.m., the country's Economy Minister Denisa Sakova wrote on April 23.

23 April, 12:35 PM

Hungary applies to resume Druzhba oil transit, report says

Hungary’s oil company MOL has applied to resume transit of Russian crude through the Druzhba pipeline, with pumping expected to begin April 22, Reuters reported on April 21, citing an unnamed industry source.

22 April, 02:35 AM

Kyiv to restart Druzhba pipeline on April 21 — report

Ukraine plans for oil shipments through the Druzhba pipeline to resume on April 21, allowing the EU to launch a vital EUR90 billion ($104 billion) loan program, Bloomberg reported on April 20, citing people familiar with the matter.

21 April, 12:45 AM

Magyar urges Ukraine to restart Druzhba pipeline

Incoming Hungarian PM Peter Magyar has called on Ukrainian President Volodymyr Zelenskyy to restart the transit of Russian oil via the Druzhba pipeline “as soon as possible.”

20 April, 10:10 PM

Ukraine urges U.S. to restore sanctions on Russian oil and petroleum products

Ukraine’s ambassador to the United States, Olha Stefanishyna, urged the Donald Trump administration to reinstate sanctions on Russian oil and petroleum products and prevent Moscow from benefiting from escalating tensions around Iran, she said on X on Apr. 19.

19 April, 11:54 AM

Magyar: Russian oil shipments via Druzhba pipeline could resume next week

Shipments of Russian oil through the Druzhba pipeline, which has been shut since January, could resume as early as next week, incoming Hungarian PM Peter Magyar said on April 17, as reported by Bloomberg.

17 April, 10:03 PM

U.S. sanctions on Russian oil snap back into place

U.S. sanctions on Russian oil are once again in effect after the Trump administration declined to renew a waiver it issued after the Iran war constrained global crude supply, Politico reported on April 14.

14 April, 11:44 PM

Russia’s oil revenue rebounds as higher prices boost Kremlin war funding

Russia’s revenue from oil and petroleum products in March nearly doubled from February, when it fell to its lowest level since the start of the war in Ukraine in 2022, Reuters reported on April 14, citing International Energy Agency data.

14 April, 06:11 PM

Trump likely to extend Russian oil sanctions exemption — report

The Trump administration is likely to extend an exemption that allows countries to buy some sanctioned Russian oil and petroleum products, Reuters reported on April 10, citing two people familiar with the matter.

10 April, 10:39 PM

Attacking Russian oil industry improves Ukraine’s negotiating position — Budanov

Ukrainian attacks on Russian oil terminals are affecting the trilateral Ukraine–U.S.–Russia negotiating process, Presidential Office head Kyrylo Budanov said on April 9.

10 April, 01:35 AM

Russian oil

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