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Russian Oil

All articles tagged with #russian oil

Ukraine hits Russia’s fourth-largest refinery and a frontline bridge
war9 days ago

Ukraine hits Russia’s fourth-largest refinery and a frontline bridge

Ukraine says its forces struck the Lukoil-Nizhegorodnefteorgsintez refinery in Kstovo, Nizhny Novgorod Oblast, causing a fire and damage to the AVT-6 crude processing unit, and also hit a railway bridge over the Siverskyi Donets near Stanytsia Luhanska, with additional strikes on targets in Russian-occupied Kharkiv and Zaporizhzhia oblasts, as part of Kyiv’s long-range effort to degrade Russia’s military and economic potential by targeting energy assets.

France intercepts shadow fleet tanker off Sicily, Macron says
europe16 days ago

France intercepts shadow fleet tanker off Sicily, Macron says

France says its forces intercepted the Russian shadow fleet oil tanker Deliver off the coast of Sicily, a date-stamped move after the UK’s interception of the tanker Smyrtos in the English Channel. The Cameroonian-flagged Deliver has transported Russian oil since 2024, using opaque ownership and flags of convenience to conceal cargo origin and bypass sanctions. Macron framed the operation as proof Europe will persist in enforcing sanctions and combating the shadow fleet’s role in funding Russia’s war.

Milan rally tests Europe’s hard-line stance on migration and Russian energy
world2 months ago

Milan rally tests Europe’s hard-line stance on migration and Russian energy

Thousands gathered in Milan for the far-right Masters in Our Own Home rally led by Matteo Salvini and Patriots for Europe, advocating remigration and a merit-based residence permit while Salvini called for suspending EU energy rules and reopening to Russian oil, amid clashes with anti-fascist protesters and a broader display of Europe’s growing border-and-energy hard line.

US Grants Short-Term Waiver for India to Import Stranded Russian Oil
world4 months ago

US Grants Short-Term Waiver for India to Import Stranded Russian Oil

The US Treasury issued a 30-day waiver allowing Indian refiners to purchase Russian oil stranded at sea to keep global supplies flowing, describing it as a short-term stopgap and saying Russia won’t gain significant financial benefit. Washington also expects India to eventually buy more US oil. Indian refiners have been buying Russian cargoes amid an oil crunch, with about 20 million barrels contracted so far, and state refiners continue talks with traders for prompt deliveries.

Hungary Withholds EU Ukraine Loan Pending Druzhba Oil Resumption
world4 months ago

Hungary Withholds EU Ukraine Loan Pending Druzhba Oil Resumption

Hungary will block the EU’s 90-billion-euro loan to Ukraine until Russian oil resumes flowing through the Druzhba pipeline, after supplies were interrupted by what Kyiv called a Russian drone attack. Budapest and Bratislava had exemptions from the EU oil ban and accuse Ukraine of obstructing shipments, with Hungary warning it will veto EU decisions favorable to Kyiv. The move comes amid broader tensions over Ukraine aid, as Slovakia threatens electricity cuts and a deal on the loan was reached with some protections for member states.

Orban Uses EU Ukraine Aid as Leverage Over Druzhba Oil Flow
europe4 months ago

Orban Uses EU Ukraine Aid as Leverage Over Druzhba Oil Flow

Hungary said it will block the EU’s €90 billion loan to Ukraine until oil transit via the Druzhba pipeline resumes, arguing Kyiv’s behavior and timing ahead of Hungary’s April elections; the loan would have covered about two-thirds of Kyiv’s needs for 2026–27, with Ukraine potentially facing a cash shortfall by mid-2026 without the funds. The Druzhba flow has been interrupted since late January after Russian strikes, and European Commission officials say repair decisions are for Kyiv. Hungary and Slovakia also moved to restrict Russian oil flows as leverage in the dispute.

Russian Oil Delays Grow Amid Expanding Asian Tanker Backlogs
world6 months ago

Russian Oil Delays Grow Amid Expanding Asian Tanker Backlogs

Russia's crude oil exports have increased to their highest in over two years, but delays in offloading at Chinese and Indian ports have caused a significant build-up of tankers at sea, with at least 20 vessels waiting to dock. Despite higher export volumes, falling prices and US sanctions targeting tanker movements have complicated the situation, leading to increased at-sea storage and potential covert transfers.

Trump exempts Hungary from Russian oil sanctions, boosting Orbán
world8 months ago

Trump exempts Hungary from Russian oil sanctions, boosting Orbán

Hungary received a one-year exemption from US sanctions on Russian oil, following negotiations with President Trump, due to its reliance on pipeline imports and unique situation compared to other European countries. The exemption allows Hungary to continue importing Russian oil via the Druzhba and TurkStream pipelines, highlighting ongoing tensions between Hungary and the EU over energy dependence and sanctions policies.