2 w. ago Russian Tanker Idles Near Venezuela After US Warship Enters Path

A sanctioned Russian oil tanker made a U-turn on the way to Venezuela after a US warship intersected its route near the country’s coast, according to Bloomberg tanker tracking, raising questions about whether Washington could step in to curtail Moscow’s energy aid to Caracas.

Other

2 w. ago Russian Oil Cargoes Race to India as Sanctions Deadline Nears

The clock is ticking for India-bound tankers carrying millions of barrels of crude from blacklisted Russian suppliers Rosneft PJSC and Lukoil PJSC, with a wind-down period for US sanctions set to end this Friday.

Events

2 w. ago Oil Steadies With Global Surplus and Russian Sanctions in Focus

Oil steadied as investors weighed the impact from an emerging surplus against US sanctions on Russia that have upended some crude flows.

Events

2 w. ago Oil Dips as Global Market Surplus and Russian Sanctions in Focus

Oil dipped as investors weighed the impact from an emerging surplus against US sanctions on Russia that have upended some crude flows.

Events

3 w. ago Bulgaria Seizes Refinery Before US Sanctions Hit Russia’s Lukoil

Bulgaria seized control of Lukoil PJSC’s local refinery to head off a potential fuel crisis from US sanctions on the Russian oil firm.

Events

3 w. ago Oil Jumps as Russian Port Attack and Sanctions Offset Glut Angst

Oil advanced as risks to Russian flows from Ukrainian strikes and tougher US sanctions countered signs the market faces a punishing glut.

Events

3 w. ago Most Indian Oil Refiners Skip Buying Russian Crude for December

India has scaled back purchases of Russian crude for arrival in December, showing that Western sanctions and trade talks with the US are having a major impact on buying patterns.

Other

3 w. ago Race to Run Lukoil Assets Heats Up With Days to Sanctions Cutoff

Governments across Europe and the Middle East are rushing to ensure the sprawling oil operations of Russian energy giant Lukoil PJSC can keep running after the US Treasury sanctioned the company and then quashed a key bid for its assets last week.

Events

3 w. ago Mol Rises After Hungary Wins US Exemption on Russian Sanctions

Shares of Hungarian refiner Mol Nyrt. rose after Prime Minister Viktor Orban secured an exemption from US sanctions on Russian oil — which is key to the company’s operations.

Events

3 w. ago Bulgaria moves to prevent shutdown of its only oil refinery ahead of US sanctions

SOFIA, Bulgaria (AP) — Bulgaria is racing to prevent the shutdown of its only oil refinery before U.S. sanctions on the Russian owner take effect later this month. Parliament in Sofia approved legal changes that grant additional state authority to a government-appointed manager of the Lukoil-owned Burgas refinery on the Black Sea coast. The move […]

Events

4 w. ago Mol Floats Shift Away From Russian Oil Before Orban Meets Trump

Hungary’s sole refiner said it can procure most of its crude from non-Russian sources, marking a shift in tone ahead of a high-stakes meeting between US President Donald Trump and Prime Minister Viktor Orban on Russian oil sanctions.

Other

4 w. ago Gunvor Scraps Lukoil Deal After US Calls It Kremlin ‘Puppet’

Commodity trader Gunvor Group has withdrawn its offer for the international assets of sanctioned Russian oil producer Lukoil PJSC after the US Treasury Department called it “the Kremlin’s puppet” and said the oil and gas trader would never get a license.

Events