Chinese state oil firms cut Russian crude purchases over sanctions fears, Reuters reports
"They are taking a break for now while contemplating if there are ways to work around," a source told Reuters.
Oil
Ukrainian drones strike Tuapse oil refinery in Russia's Krasnodar Krai, governor says
"The area of the fire is more than 1,000 square meters, and emergency services are working," Krasnodar Krai Governor Veniamin Kondratiev said.
Russian diesel exports to Africa reportedly plummet amid Ukrainian drone strikes
Russian diesel exports to African countries nearly halved in February, dropping from 1.27 million tons in January to 684,000 tons, according to a report by the Center for Price Indices (CPI) reviewed by RBC.
Oil shipments via Druzhba pipeline halted due to Ukrainian drone attack in Russia, Hungary says
Ukrainian forces reportedly struck the Druzhba pipeline in Russia's Oryol Oblast on March 11. Following the attack, Peter Szijjarto said that the oil supply was halted.
Trump lifting US sanctions on Russia would be ‘huge win’ for Putin, ‘chaos’ for global economy
U.S. President Donald Trump’s administration is reportedly ready to lift sanctions on Russia imposed after the start of the full-scale invasion, in a reversal of U.S. policy toward Moscow during its war against Ukraine. The White House is preparing a plan to potentially give Russia sanctions relief
Russia's oil, gas budget revenue in February drops by 18% year-on-year
Oil and gas revenues last month amounted to 771.3 billion rubles ($8.6 billion), a significant drop from 945.6 billion rubles ($10.5 billion) in February 2024 and a moderate decrease in comparison to 789.1 billion rubles ($8.8 billion) in January.
Russian oil deliveries to Czech Republic via Druzhba pipeline suspended, Czech official says
"We control the situation and are prepared for such circumstances. Refineries in the Czech Republic are well prepared, and the state material reserve system is reliable, so I can assure everyone that there are enough oil reserves for both households and businesses," Czech Industry and Trade Minister Lukas Vlcek said.
Oil prices continue to decline amid growing tensions between US, Ukraine, Reuters reports
A day earlier, oil prices fell by about 2%, hitting a 12-week low.
Ukrainian drones reportedly strike oil refinery in Russia's Samara Oblast
The first explosions occurred around 3 a.m. local time, according to residents. A fire broke out at the facility as a result.
Turkish imports of Russian oil drop nearly fourfold after new sanctions
Turkish imports of Russian oil plummeted in February in response to sweeping sanctions the U.S. and U.K. imposed on Russia's oil sector in January.
Ukrainian drones reportedly strike Russian refinery in Ryazan Oblast for 3rd time in 2025
The Ryazan Oil Refining Company's facility was previously struck overnight on Jan. 24 and Jan. 26.
Oil prices near one-week high amid Russia supply disruptions, sanctions uncertainty
Oil prices remained near a one-week high on Feb. 19 as concerns over supply disruptions in Russia and the U.S. continued to drive the market.
Russia offering US deal on natural resources, access to Arctic
Moscow suggested that American oil companies may return to the country, Russian negotiator Kirill Dmitriev said before the talks started in Riyadh.
Reported drone strike against Russian oil refinery in Samara Oblast causes fire
Residents posted videos on social media purportedly showing a large blaze at the refinery. Sounds of explosions were reported at around 2:45 a.m. local time.
Ukraine strikes Ilsky Oil Refinery in Russia's Krasnodar Krai, SBU source says
Residents earlier posted videos on social media purportedly showing explosions at the refinery in the Seversky district of Krasnodar Krai.
Fire reported at oil refinery in Russia's Krasnodar Krai following 'massive' drone attack
A large fire reportedly erupted at the Ilsky oil refinery in Russia's Krasnodar Krai overnight on Feb. 17, following large-scale Ukrainian drone attacks on the region, Russian Telegram media channels reported.
Ukrainian drones again hit oil pumping station in Russia's Tver Oblast, SBU source claims
"Every day this oil pumping station's idle time costs Russia tens of millions of dollars," a source in the Security Service of Ukraine told the Kyiv Independent.
Oil prices drop 2% as Trump takes first step toward Ukraine peace talks, Reuters reports
Oil prices dropped more than 2% on Feb. 12 after U.S. President Donald Trump took a significant step toward ending the ongoing Russia-Ukraine war, which has contributed to higher oil prices due to concerns over global supply disruptions.
Ukraine war latest: 'We'll swap one territory for another' — Zelensky on trade territory in potential peace talks with Russia
Key developments on Feb. 11: * Ukraine could trade territory in potential peace talks with Russia, Zelensky says * Ukraine strikes Russia's Saratov oil refinery, military confirms * US won't send troops to Ukraine, Pentagon chief says * North Korea has sent 200 long-range artillery guns to Russia, Seoul says * Ukrainian drones destroy Russian
Chinese refiners offered discounted Russian oil as US sanctions deter buyers, Bloomberg reports
Chinese refiners are being offered Russian ESPO crude at discounted prices as rising concerns over U.S. sanctions create logistical and administrative challenges, deterring buyers, Bloomberg reported on Feb. 11.
Ukraine war latest: Russia massing troops for new assaults in Chasiv Yar; Ukraine strikes oil refinery in Krasnodar Krai
Key developments on Feb. 10: * Russia massing troops for new assaults in Chasiv Yar, military warns * Drones reportedly target key Russian oil refinery in Krasnodar Krai * Trump claims 'progress' on ending Russia-Ukraine war, confirms contact with Putin * Ukraine approves high-speed Baton drones for battlefield deployment * Ukraine to receive Patria 6x6
Europe mulls large-scale seizures of Russia's 'shadow fleet' ships, Politico reports
According to Politico, European countries are drafting new legislation that would enable potential seizures of Russian oil tankers on legal grounds.
Ukraine strikes Russian oil facility, Buk air defense system overnight, military claims
An attack carried out by the SBU and the Defense Forces set fire to the Albashneft oil depot in Novominskaya in southwestern Russia, according to the General Staff.
US producers, Saudi Arabia resist Trump's push for increased oil production, WSJ reports
Trump has repeatedly called for lower oil prices, arguing that reducing Russia's oil revenue would force Moscow to end its war against Ukraine.
Ukraine's drones reportedly strike Russian energy facilities in Astrakhan, Volgograd oblasts
Ukrainian drones attacked energy facilities in Russia's Astrakhan and Volgograd oblasts overnight on Feb. 3, causing a fire, according to local authorities.
Ukrainian drones set fire to Russian oil refinery in Volgograd Oblast, authorities say
The wreckage of a downed drone fell on the refinery, causing a fire that was quickly extinguished, Governor Andrey Bocharov said.
Ukraine war latest: Ukrainian drones hit Lukoil oil refinery, missile arsenal in Russia, sources claim
Key developments on Jan. 29: * Ukrainian drones hit Russian missile arsenal, oil pumping station in Tver Oblast, SBU source claims * '4 out of 4' — Russian Lukoil oil refinery struck by multiple Ukrainian drones, military intelligence source claims * Russian assault intensity declines, focuses on Pokrovsk sector, monitoring group reports * Australian POW
Ukrainian drones hit Russian missile arsenal, oil pumping station in Tver Oblast, SBU source claims
Drones operated by the SBU and the Special Operations Forces attacked the oil pumping station, which is part of the Baltic Pipeline System-2 operated by Russian state-owned oil pipeline company Transneft.
Ukraine war latest: Russian forces suspected of killing 6 Ukrainian POWs in Donetsk Oblast
Key developments on Jan. 23: * Russian forces suspected of killing 6 Ukrainian POWs in Donetsk Oblast * Ukrainian soldiers near Velyka Novosilka at risk of encirclement, spokesperson says * Zelensky clarifies comment on 200,000 peacekeepers, says figure depends on Ukrainian army size * NATO chief urges US to keep arming Ukraine, pledges
UK, US sanctions force Russia's oil tankers to reflag, Bloomberg reports
The removal of these flags disrupts Russia's oil export logistics, forcing tankers to re-register in less reputable jurisdictions and change ownership to avoid detection.
Trump says Russia's war in Ukraine 'will end immediately' if OPEC lowers oil prices
President Donald Trump also said Ukraine was "ready for a deal," but added "you'll have to ask Russia" about a peace agreement within a year.
Indian banks block Russian oil payments after new US sanctions
Following the new restrictions, financial institutions in India began blocking payments for Russian crude, Energy Intelligence reported. India is currently the leading importer of Russian oil.
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