3 h. 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

26 h. ago Trump Says He’d Back Bill to Sanction Russia’s Trading Partners

President Donald Trump said proposed Senate legislation to sanction countries conducting business with Russia would be “okay with me,” his strongest indication yet that he would support a monthslong push to strangle Moscow’s funding.

Events

60 h. ago Ukraine Claims Strike on Rosneft’s Ryazan Oil Refinery in Russia

Ukraine’s General Staff claimed a strike on Rosneft PJSC’s refinery in Ryazan, one of the largest in Russia, while Moscow continued to target Ukraine’s energy system with missiles and drones ahead of winter.

Other

62 h. ago Consumers Feel Pinch at Pump as Russia Drives Oil Refining Boom

It’s a great time to be an oil refiner — but a less great time to be filling up at the pump.

Other

3 d. 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 d. 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 d. ago Sanctions Blight Arctic Route to China for Russia’s Oil Shippers

Russia’s oil shipments through the Arctic Ocean are encountering increasing delays because of US sanctions, a fresh example of how the measures are adding friction to Moscow’s energy trade.

Events

4 d. ago IEA Sees Big Downside Risks to Russia Oil Output From Sanctions

The International Energy Agency said there’s “considerable downside risk” to its outlook for Russian crude production from US sanctions, but held back from estimating the impact until it sees more details on enforcement.

Events

6 d. 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

7 d. ago Syrian president visits Trump at White House, pause on sanctions extended

Ahmed al-Sharaa, a former al-Qaida member once designated a global terrorist by the U.S., is the first Syrian head of state to visit the White House

Events

7 d. 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

7 d. 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

9 d. 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

1 week ago Trading firm Gunvor, accused by US of being ‘Kremlin’s puppet,’ drops plan to buy Lukoil assets

GENEVA (AP) — A top-tier international commodities trader has dropped plans to buy the international assets of Russia oil company Lukoil as it rejected U.S. government allegations of being “the Kremlin’s puppet.” Trading firm Gunvor, whose main trading office is in Geneva, announced on X that it’s withdrawing its proposal to acquire the Lukoil assets, […]

Economics

1 week 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

1 week ago Orban Dangles Energy Deals to Sway Trump on Russia Oil Sanctions

Viktor Orban expected a political boon and a flood of investments after Donald Trump was re-elected to the US presidency. A year later, the Hungarian prime minister is going to the White House with cap in hand.

Events

1 week 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

1 week ago Ukraine Claims Drone Attack at Lukoil Oil Refinery in Russia

Ukraine said it made a successful drone strike at Lukoil PJSC’s Volgograd refinery in Russia, adding to the pressure on the country’s oil industry.

Events

1 week ago Russia’s Crude Deliveries Plunge as US Sanctions Begin to Bite

The amount of Russian oil held on tankers has risen by 8% since the start of September

Events

1 week ago Gunvor CEO Says Deal for Lukoil Global Assets Is ‘Clean Break’

Gunvor Group Chief Executive Officer Torbjörn Törnqvist said an agreement to acquire Russian oil producer Lukoil PJSC’s international portfolio represents a “clean break” for the assets.

Events