Indian state refiners discussing long-term oil import deal with Russia, Reuters reports
India's state-run refiners are in talks with Russia about a long-term oil import deal, Reuters reported on July 11, citing an undisclosed government source.
Oil
Russia's oil export revenues continue to drop for 4th straight month
Russia's revenues from oil exports in June were about $16.7 billion, a 1.2% drop from the previous month. Earnings from oil exports have continued to decline since a high of almost $19 billion in February 2024.
US efforts to sanction Russia, Iran hampered by desire to keep gas prices low, sources tell WSJ
"(President Joe Biden) has wanted to do everything that he could to make sure that American consumers have the lowest price possible at the pump, as it affects families' daily lives," a senior administration official told the Wall Street Journal.
Zelensky: Ukrainian drones have struck over 30 Russian oil targets
Ukrainian special operations forces have targeted over 30 Russian oil refineries, terminals, and depots, President Volodymyr Zelensky stated during a military meeting.
Denmark developing plans to curb Russia's 'shadow fleet' of oil tankers
"On the Danish side, we have assembled a circle of countries that will look at the possibilities for further measures against the shadow fleet," Danish Foreign Minister Lars Loekke Rasmussen said in an interview.
Russia reportedly hit 2 Ukrainian oil depots overnight
Russia has already attacked 10 oil storage facilities in 2024, according to Kuyun. He said that such attacks would not affect the availability of fuel in Ukraine.
Reuters: Indian refinery to purchase Russian oil in rubles
The operator of the world's largest oil refining complex, India's Reliance Industries, has reached a one-year agreement with Russia's state-controlled oil company Rosneft to purchase oil in rubles, Reuters reported on May 28.
Rosneft asks Kremlin to compensate for costs of protecting oil refineries from drones
The CEO of Russia's state-controlled oil company, Rosneft, sent a letter to Russian Prime Minister Mikhail Mishustin asking the Kremlin to approve tax breaks to offset the cost of preventing drone attacks on the company's oil refineries, Russian state-controlled media reported on May 23.
Opinion: Russia’s shadow fleet strategy draws from Iran’s playbook
Iran’s recent missile attacks against Israel serve as a stark reminder of the growing audacity of petro-dictatorships in flouting international norms and undermining global peace. Iran, emboldened by Russia’s relentless and indiscriminate assaults on Ukraine – targeting everything from hospitals and kindergartens to power stations with Iranian-made missiles and
Reuters: India's Russian oil imports in April highest in 9 months
India's imports of Russian oil rose to a nine-month high after shipments from non-sanctioned tankers of the Russian Sovcomflot company resumed, Reuters reported on May 21, citing data from shipping and trade sources.
Ukraine war latest: Ukrainian forces stabilize situation in Kharkiv Oblast, 'partially' push Russian troops out of Vovchansk
Key developments on May 15: * Zelensky: Ukraine stabilizes situation in Kharkiv Oblast amid Russian offensive * General Staff: Russian forces 'partially pushed out' from Vovchansk * Ukraine deploys more forces to Kharkiv Oblast * Blinken: US to give Ukraine additional $2 billion in military financing * Source: Ukraine's military intelligence drones strike oil depot
Source: Military intelligence drones strike oil refinery in Russia's Kaluga Oblast
The strike against the Pervyy Zavod plant was reportedly carried out with kamikaze drones.
Source: Ukraine strikes Russian oil refinery 1,500 kilometers from border
For the first time since the start of the full-scale invasion, Ukraine attacked facilities in Bashkortostan, some 1,500 kilometers from the country's border, according to the source.
Source: SBU hits 2 oil depots in Russia's Krasnodar Krai
Ukraine's State Security Service (SBU) hit two oil depots in Russia's Krasnodar Krai overnight on May 9, a source privy to the information told the Kyiv Independent.
Governor: Fire at oil depot in Russian-occupied Luhansk causes serious damage
An oil depot in the Russian-occupied city of Luhansk was heavily damaged in a fire that Russian proxies claim was the result of a Ukrainian strike, Luhansk Oblast Governor Artem Lysohor said on May 8.
Russian proxy claims missile strike on oil depot in occupied Luhansk
An oil depot in occupied Luhansk was struck by ATACMS missiles, causing a mass fire at the facility, the Moscow-installed head of the occupied region, Leonid Pasechnik, claimed on May 8. At least five employees were reportedly injured and hospitalized.
White House: Russia supplies North Korea with fuel above UN cap
Russia has been shipping refined petroleum to North Korea in volumes that may violate the U.N. Security Council's restrictions, U.S. National Security Council spokesperson John Kirby said on May 2, according to Reuters.
Russian media reports fire at oil production facility in Omsk
The press service of Russia's Emergency Situations Ministry said in a statement that three 200-liter containers of petroleum products were on fire at an undisclosed location.
Reuters: Next round of EU sanctions on Russia to target shadow fleet, ships transporting North Korean equipment
EU Trade Commissioner Valdis Dombrovskis said earlier in April that the bloc is preparing its 14th round of sanctions against Russia, which should be adopted in spring.
Sources: SBU drone attack destroys 26,000 cubic meters of Russian fuel in Smolensk Oblast
Drones of the Security Service of Ukraine (SBU) attacked two oil depots in Russia's Smolensk Oblast overnight, destroying 26,000 cubic meters of fuel, sources in law enforcement agencies told the Kyiv Independent on April 24.
Swedish Navy chief says Russian 'shadow fleet' of oil tankers possibly conducting espionage in Baltic Sea
Swedish Navy chief Ewa Skoog Haslum said some of the ships from the shadow fleet have been found to possess communications and signals equipment not usually associated with cargo vessels, leading to concerns they could be used in "hybrid operations."
Military intelligence: Oil pipeline blown up in Russia's Rostov Oblast
An oil pipeline near the Russian city of Azov, Rostov Oblast, that was funneling oil products to tankers in the Azov Sea Port was blown up overnight on April 6, Ukraine's military intelligence agency (HUR) said.
Reuters: Russia faces difficulties repairing oil refineries due to US sanctions
Russian companies are facing difficulties in repairing oil refineries due to Western sanctions, and Ukrainian drone attacks could worsen the problem, Reuters reported on April 4, citing unnamed sources familiar with the matter.
Reuters: Russia turns to Belarusian gasoline amid decreasing domestic supplies
Russia is increasing imports of gasoline from Belarus to avert possible shortages connected to recent Ukrainian attacks on Russian oil refineries, Reuters reported on March 27, citing four undisclosed trade and industry sources.
Reuters: Russia facing delays in oil payments from China, Turkey and UAE
Banks in China, the UAE, and Turkey have boosted sanctions compliance leading to Russian oil firms facing months of delays in receiving payments, Reuters reported on March 27. In some cases, money transfers to Moscow have been rejected entirely, several sources familiar with the matter told the outlet.
US, South Korea launch task force to combat illegal shipment of oil to North Korea
The two countries also said they were increasingly concerned that Russia has been providing refined oil to North Korea.
Bloomberg: Russian oil trade feels pressure of Western sanctions in India
Russia's oil industry is starting to feel the pressure of Western sanctions as Indian refineries no longer accept tankers of Moscow's state-owned state-run Sovcomflot shipping company, Bloomberg reported on March 23.
Russia’s war effort may not be as formidable as it looks
Russia’s war machine has shown remarkable stamina despite the hundreds of thousands of troops it is estimated to have lost in Ukraine. But under the hood, it may be less resilient than it looks. With its high oil export revenues, Russia has been able to replace its losses and
Ukrainian drones hit one Russian oil refinery after another
Ukraine faces a challenging problem: how to stop a resurgent Moscow in its tracks long enough to rotate the troops, resupply, and fortify. Part of the answer is playing out right now in the skies over Russia. Over the past two weeks, at least dozens of Ukrainian drones reportedly struck
Bloomberg: China on track to receive record levels of Russian oil imports in March
While India has also remained a critical market for Russian oil, payment issues, in part related to Western sanctions, have caused delays in the trade of oil between the two countries.
Media: 12 Russian oil refineries successfully hit in recent attacks by Ukraine
The Security Service of Ukraine (SBU) drones have recently successfully attacked 12 oil refineries in Russia, a source told Ukrainska Pravda, including an overnight attack on March 17 of an oil refinery in Slavyansk-on-Kuban in Krasnodar Krai.
Russian media: Oil refinery in Krasnodar Krai hit by drones
A fire broke out at an oil refinery in Slavyansk-on-Kuban in Krasnodar Krai, Russia, amid reports of explosions and a possible drone attack overnight on March 17.
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