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.
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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.
Slovakia resumes gas imports from Russia via TurkStream pipeline
Slovak gas company SPP began importing Russian gas again through the TurkStream pipeline on Feb. 1, with plans to double supplies by April, Slovak news agency TASR reported on Feb. 6.
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.
EU has reduced Russian gas imports by 75%, von der Leyen says
The EU has reduced Russian gas imports by 75%, while only 3% of its oil is imported from Russia, European Commission President Ursula von der Leyen said at the World Economic Forum in Davos on Jan. 21.
China imports record amount of Russian crude oil in 2024, Reuters reports
In 2024, 108.5 million metric tons were imported from Russia, including through pipelines and sea deliveries.
US imposes sanctions against Russian oil tankers under construction for 1st time
The latest sanctions, imposed last week, targeted over 180 oil-carrying vessels of Russia's so-called shadow fleet, a group of aging tankers routinely used for sanction evasion.
Russia’s seaborne oil exports decline 9.1% in 2024 amid Ukrainian drone attacks, Reuters reports
Ukraine has targeted Russia's fossil fuel infrastructure as part of its strategy to undermine a key funding source for Russia's war effort.
65 oil tankers drop anchor after latest US sanctions against Russia, Reuters reports
Sixty-five oil tankers paused operations in various places around the world following the recent U.S.-U.K. sanctions against Russia’s oil industry and shadow fleet, Reuters reported on Jan. 13, citing maritime tracking data.
Russian 'shadow fleet' tankers carrying 2 million barrels of crude idling off China’s coast, Bloomberg reports
Three sanctioned tankers carrying over 2 million barrels of Russian crude oil are floating off China's coast after they were hit by fresh U.S. sanctions last week, Bloomberg reported on Jan. 13.
EU to start drafting new sanctions against Russia next week, media reports
The European Commission plans to begin drafting new sanctions against Russia next week, with the goal of approving the package on Feb. 24 — the third anniversary of Russia's full-scale invasion of Ukraine.
Ukrainian drone hits large oil refinery in Russia’s Tatarstan, head of Ukraine’s Center for Countering Disinformation confirms
A drone strike reportedly hit the Taneko oil refinery in Tatarstan, Russian Telegram channel ASTRA reported on Jan. 11.
US, UK impose sweeping sanctions on Russia’s oil sector, target shadow fleet
"The United States is taking sweeping action against Russia's key source of revenue for funding its brutal and illegal war against Ukraine," Treasury Secretary Janet Yellen said.
Russian tanker fuel spill could reach Ukraine's coast, Navy warns
The oil spilled into the Black Sea by two Russian tankers last month could soon reach Ukraine's southern coast in the Mykolaiv and Odesa oblasts, Navy spokesperson Dmytro Pletenchuk said on air on Jan. 9.
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