Estonia detains Russian shadow fleet tanker for the first time
The vessel's captain is a Chinese citizen, and the rest of the crew are nationals of Myanmar.
Russian oil industry
US senators submit bill to crack down on Russia's shadow fleet
The proposed law would authorize U.S. authorities to confiscate oil cargoes transported by vessels blacklisted by the Treasury Department. Proceeds from the sale of the seized oil would be directed toward reducing the U.S. national debt.
Fire breaks out at major Russian refinery in Khabarovsk Krai
The blaze broke out in one of the facility’s technological units after gasoline reportedly leaked from a column and ignited, sources told the channel. According to Russian emergency services cited by the pro-government outlet Interfax, the fire spread across an area of approximately 100 square meters.
Trump didn't impose tariffs on Russia but they might be wrecking its economy regardless
U.S. President Donald Trump has inadvertently hit Russia’s economy after his "Liberation Day" tariffs caused oil prices to drop drastically on April 7, with potentially massive ramifications for the Kremlin's ability to fund its ongoing war in Ukraine. Russia has so far failed to agree to a full
Aging tanker loaded with Russian oil transferring cargo at sea after India ban, Reuters reports
The 20-year-old Andaman Skies was last week barred from entering the Indian port of Vadinar due to safety concerns over its seaworthiness.
Russia's year-on-year oil, gas revenue drops by 17% in March
Russia's Finance Ministry said the government lost roughly 230 billion rubles ($2.7 billion) in tax income compared to March 2024, with oil and gas revenues accounting for one-third of the total state income.
India looking for new oil suppliers amid Trump's threats to tighten sanctions on Russia, Bloomberg reports
Donald Trump previously threatened to impose additional tariffs against Russia, threatening a "25% tariff on all oil, a 25- to 50-point tariff on all oil."
Ukraine war latest: Amid Russia-US talks in Riyadh, Russia fires missiles at Sumy, injuring over 90
Key developments on March 24: * Russia, US finish 12-hour-long negotiations in Saudi Arabia * Russian missile strike on Sumy injures 88, including 17 children * 'Important but small operations' — Ukraine reclaims territory near Dvorichna in Kharkiv Oblast, military says * Oil pumping station in Krasnodar Krai shut down due to damage caused by
Oil pumping station in Krasnodar Krai shut down due to damage caused by drones
Moscow claimed earlier that Ukrainian drones struck the Kavkazskaya oil pumping station overnight on March 19, damaging infrastructure and igniting a fire. Firefighters continued battling a fire at the oil depot for the fifth day.
Fire at Russian oil depot in Krasnodar Krai continues for 5th day after drone strike, authorities claim
Firefighters continue battling a fire at an oil depot near the village of Kavkazskaya in Russia's Krasnodar Krai for the fifth day after a drone attack, local authorities claimed on March 24.
Ukraine war latest: Kavkazskaya oil facility still burning; Ukraine returns over 4,000 POWs from Russian captivity since 2022
Key developments on March 21: * Zelensky, Pavel meet in Kyiv to discuss security guarantees for Ukraine * Ukraine has brought back over 4,000 prisoners of war from Russian captivity since start of full-scale invasion, Zelensky says * Russia's Kavkazskaya oil facility still burning after two days, more explosions reported * Ukraine accuses
Germany seizes Russian ‘shadow fleet’ tanker in Baltic Sea, Der Spiegel reports
The shadow fleet refers to aging and largely uninsured oil tankers that Russia uses to transport oil above the $60 per barrel price cap.
Russia's Kavkazskaya oil facility still burning after two days, more explosions reported
A Russian oil pumping station in Russia's Krasnodar Krai is still on fire after reportedly being struck by Ukrainian drones on March 19, with further explosions reported overnight. "During the extinguishing process, due to depressurisation of the burning tank, there was an explosion of oil products and release of burning
Ukrainian drone strike halts operations at Russia's Krasnodar Krai oil station, authorities claim
The attack reportedly resulted in damage to a pipeline connecting storage tanks, sparking a fire that covered an area of about 20 square meters.
Ukrainian drones attack fuel facility in Russia's Astrakhan Oblast, governor claims
"Overnight, the Ukrainian Armed Forces again attempted a massive drone attack on facilities located in the region, including a fuel and energy complex," Astrakhan Oblast Igor Babushkin claimed on March 17.
‘Painful for Russia:’ What new U.S. sanctions on Russian energy mean for Moscow
The Trump administration dealt a blow to Russia's energy sector last week after it let lapse an exemption allowing Russian banks to use U.S. payment systems for energy transactions. The move closed an important financial channel for Russian oil and gas exports and comes as Washington looks for ways
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.
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.
Large fire reported at oil refinery in Russia's Krasnodar Krai following Ukrainian strike
A large fire covering over 1,000 square meters engulfed the Tuapse oil refinery in Russia's Krasnodar Krai overnight on March 14, regional Governor Veniamin Kondratyev said on Telegram.
US toughens sanctions on Russian energy payments
The Trump administration toughened sanctions on Russia's oil and gas industry on March 13 by not renewing an exemption that allows Russian banks to access U.S. payment systems to conduct energy transactions.
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.
Ukraine targets Russian oil facilities in Moscow, Oryol oblasts in mass strike overnight, military claims
The operation "struck a number of Russian strategic objects, enabling armed aggression against Ukraine," the military said.
Updated: Ukraine strikes Samara Oblast refinery producing fuel for Russian fighter jets, bombers, source claims
The Novokuybyshevsk oil refinery produces jet fuel for supersonic aircraft such as Su-27 fighter planes and Tu-22 bombers, a HUR source claimed.
Ukrainian drone reportedly attacks oil depot in Russia's Chuvashia for first time
The Burevestnik oil depot lies over 900 kilometers (559 miles) from the Ukrainian border.
Ukrainian drones attacked Russian oil refinery in Leningrad Oblast, military intelligence source says
Drones attacked an oil refinery in Russia's Leningrad Oblast overnight on March 8 in an operation carried out by Ukraine's military intelligence (HUR), a HUR source told the Kyiv Independent.
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.
Ufimsky oil refinery 1,400km inside Russia catches fire, local authorities report
No cause was given but Ukrainian forces have repeatedly launched drone strikes aimed at damaging Russia's oil industry beginning in the spring of 2024.
Ukrainian forces destroy Russian thermobaric munitions depot in Donetsk Oblast, General Staff reports
A video of the strike shows an initial explosion is followed by a spectacular series of much larger subsequent explosions.
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.
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