Russian oil

Iran war boosts Russia’s oil revenues, expert warns

Oil price surge driven by fears of supply disruptions after the U.S.–Israeli attack on Iran is helping Russia, CNN reported on March 2, citing Brussels-based Bruegel think-tank.

2 March, 09:28 PM

Orban insists Druzhba oil pipeline intact; cites satellite photos

Hungarian PM Viktor Orban has once again urged Ukrainian President Volodymyr Zelenskyy to resume shipments of Russian oil via the Druzhba pipeline, claiming satellite imagery shows it to be intact.

2 March, 08:49 PM

Slovakia’s Fico agrees to Zelenskyy meeting; wants it held in EU

Slovak PM Robert Fico has accepted an invitation from Ukrainian President Volodymyr Zelenskyy to meet and discuss “all aspects of Ukrainian-Slovak cooperation,” Fico said on Feb. 27.

28 February, 01:52 AM

80% of Russian oil went to China and India in 2025

Russia exported roughly 80% of its oil in 2025 to just China and India while overall crude shipments declined 0.8% to 238 million tons, Russian Deputy Prime Minister Alexander Novak said on Feb. 27, according to Reuters.

27 February, 08:05 PM

Russia eyeing more oil sales to China but faces steeper discounts

Russia intends to maintain stable Urals crude oil exports in March by boosting shipments to China as India sharply cuts purchases following a trade deal with the United States, but Chinese buyers are pressing for even steeper discounts, Reuters reported on Feb. 26.

27 February, 02:30 PM

Russia ramps up supertanker oil shipments to China

Russia is rerouting more crude shipments to China on very large crude carriers after India sharply reduced purchases, pushing February deliveries to a record 2.09 million barrels per day, Bloomberg reported on Feb. 24.

25 February, 12:31 PM

EU to push for permanent ban on Russian oil after Hungary vote

The European Commission plans to propose legislation on April 15 that would permanently ban imports of Russian oil, three days after Hungary’s high-stakes parliamentary election, Reuters reported on Feb. 24, citing sources and a draft document.

24 February, 09:19 PM

Fico vows no more emergency power supply to Ukraine

Slovakia will stop providing emergency electricity supplies to Ukraine beginning Feb. 23, PM Robert Fico announced on his Facebook page.

23 February, 09:12 PM

Analyzing Ukraine–Hungary dispute over Russian oil

Transit of Russian oil through Ukraine to Hungary and Slovakia has been suspended after Russian drone strikes damaged the Soviet-era Druzhba pipeline. While the repairs are underway, Hungarian PM Viktor Orbán has halted diesel exports to Ukraine and is leveraging the issue in tense domestic parliamentary elections.

20 February, 10:44 PM

EU stalls on 20th Russia sanctions package

The European Union member states failed to approve the 20th package of Russia sanctions proposed by the European Commission, Ukrainian public broadcaster Suspilne reported on Feb. 20.

20 February, 08:36 PM

Hungary and Slovakia to receive non-Russian oil supply from Croatia

Croatia will supply oil to Hungary and Slovakia, but under no circumstances will it be of Russian origin, the country's Economy Minister Ante Šušnjar wrote on X on Feb. 16.

17 February, 11:06 AM

Russia’s Central Bank slashes Urals oil forecast to $45

Russia’s Central Bank sharply lowered its 2026 Urals oil price forecast to $45 per barrel — the lowest since the pandemic — acknowledging substantial risks from global oversupply and sanctions, The Moscow Times reported on Feb. 13.

14 February, 07:47 PM

Russia’s Volgograd refinery suspended after Ukrainian strike—report

The Lukoil-owned Volgograd oil refinery in southern Russia was stopped on Feb. 11 after a Ukrainian attack, Reuters reported on Feb. 12, citing sources.

12 February, 08:31 PM

EU proposes sanctioning ports for handling Russian oil

The European Union is planning to expand sanctions on Russia to include foreign ports that handle Russian oil, Reuters reported on Feb. 9.

10 February, 01:24 AM

Russia’s oil losses from Ukrainian drone strikess exceed $12.9 billion

Russian oil companies have suffered more than 1 trillion rubles ($12.9 billion) in direct and indirect losses from Ukrainian drone attacks on refineries, The Moscow Times reported on Feb. 9, citing estimates from insurance broker Mains.

10 February, 12:40 AM

India to cut out Russian crude imports, Trump claims

India has agreed to stop buying oil from Russia and instead increase imports from the United States and possibly Venezuela in exchange for lower U.S. tariff rates, U.S. President Donald Trump said on Feb. 2.

2 February, 08:28 PM

Russian ‘shadow fleet’ oil tanker adrift in Mediterranean

Targeted by EU and UK sanctions for transporting Russian oil, tanker vessel Progress appears to be drifting off the coast of Algeria in the Mediterranean Sea, Bloomberg reported on Jan. 23.

24 January, 01:14 AM

France confirms Mediterranean seizure of Russian oil tanker sailing under false flag

The French Navy seized the oil tanker Grinch in the Alboran Sea, near Gibraltar, after discovering it was sailing under a false flag, France’s Mediterranean maritime prefecture said on Jan. 22.

23 January, 05:31 AM

Another Russian ‘shadow fleet’ tanker seized in Caribbean

The United States military has detained the Russian-linked oil tanker Sagitta in the Caribbean Sea, U.S. Southern Command said on Jan. 20.

21 January, 02:28 AM

Germany forces Russian ‘shadow fleet’ tanker to turn away from Baltic Sea

Arcusat, an oil tanker registered in maritime databases as “never existed,” reversed course en route to German territorial waters in the Baltic Sea and is now heading toward Russia’s Arctic coast, Bloomberg reported on Jan. 16.

16 January, 09:23 PM

Russian oil

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