Oil news russia. S. President Donald Trump is emphasizing that targeting Russia’s oil revenue is the best way to get Moscow to end its nearly three-year war against Ukraine. Latest news on Russian oil: comprehensive coverage of sanctions, production, exports, prices, OPEC+, Ukrainian attacks on infrastructure, and global energy market impacts amid ongoing Russia’s crude output fell to 8. On-the-ground reporting from Ukraine. 7 billion roubles ($6. Russia's state oil firm Rosneft has agreed to supply nearly 500,000 barrels per day (bpd) of crude to Indian private refiner Reliance in the The Kremlin on April 7 announced it is “closely monitoring” oil markets after the price of its key export grade, Urals crude, plunged towards the $50 mark. Why is By Vaibhav Raghunandan and Petras Katinas Russian crude oil revenues rise 13% despite marginal rise in volumes, while France’s Russian Moscow is resuming oil and gas operations in Iraq’s Kurdistan Region (KRI) to regain geopolitical influence lost after setbacks in Ukraine and Oil prices rose by nearly a dollar a barrel on Thursday as Russia and Ukraine blamed each other for a stalled peace process, and as earlier U. The price of Russia's Urals crude is nearing Oil prices rallied nearly 3% to their highest in three months on Friday as traders braced for supply disruptions from the broadest U. data showed signs of Oil and gas profits have slumped and national debt has grown according to Russia's statistics agency. The price of Russia's oil blend in rubles so far in March is clocking in 24% below the level targeted in the federal budget for 2025 due to a Russian officials have warned of severe environmental damage as thousands of people came out to clean up tons of fuel oil that spilled out of two Russia is accelerating new oil well drilling to the fastest pace in five years, showing resilience to Western sanctions despite a recent decline in oil prices. Oil prices climbed on Monday as traders anticipated more U. sanctions hamper its access to tankers to sail to Asia and Russia's Central Bank warns that falling oil prices and tariff wars threaten the Russian economy. Selling fuel mainly for News, analyses, investigations, opinions, podcasts and more. “We Latest world news from the energy sector. 55 billion), data from the finance ministry showed on India's Russian oil imports recovered in March, returning to near usual levels after a 3-month decline, as non-sanctioned vessels were Russia's Tass state news agency reported on Thursday that Urals, Moscow's benchmark for oil export pricing, had dropped below $50 per barrel Oil exports are a key driver of Russia's economy, making it the focus of Western-led sanctions, which have aimed to choke funds for Moscow's war machine. President Donald Trump threatened sanctions on Russia if it fails to Volodymyr Zelenskyy has shared an "inspirational" letter sent to him from King Charles on Ukraine's Independence Day. Russia, the United States and Saudi Arabia could act jointly to stabilise oil markets if needed, Russia's investment envoy Kirill Dmitriev told India has indicated it will continue buying oil from Russia despite threats by U. 4 billion people, the country's ambassador to Russia has said. India will continue to buy oil from wherever it "gets the best deal" in order to protect the interests of its 1. Elsewhere, a downed drone in Russia's Kursk region Russia may be forced to throttle back its oil output in the coming months as U. The combined net profits of Russia’s oil and gas companies nearly halved in the first quarter from a year earlier, while petroleum revenues for the News, analyses, investigations, opinions, podcasts and more. President Donald Trump. 962 million barrels a day in For nearly three decades, we have been the go-to source for independent news and analysis of the major oil and gas projects shaping the industry and the people behind them. We are a comprehensive, electronic news gathering and translating service for breaking-news in the Mining, Metals, Oil, Gas and Energy sectors in Russia and the surrounding Republics. . For nearly three decades, we have been the go-to source for independent news and analysis of the major oil and gas projects shaping the industry and the people behind them. European Union states have approved a fresh sanctions package on Russia over its war against Ukraine including a revised oil price cap, new banking restrictions, and curbs Russia expects to continue supplying oil to India despite warnings from the United States, Russian embassy officials in New Delhi said on Wednesday, adding that Moscow At least three Russian oil refineries could face closures next year as declining exports, high crude oil costs and soaring interest rates lead to Russia's oil producers have been drilling at a pace not seen in at least five years as the nation readies for both a loosening of OPEC output Russian Urals oil prices for cargoes loading from Ust-Luga and Novorossiisk ports were around $53 (Rs 4570) per barrel on Friday. Russia's Russia's Novoshakhtinsk oil refinery stands engulfed by flames for the third consecutive day after Ukrainian drones hit the facility earlier this week. 32 million barrels per day, in 2024, Deputy Prime Minister Ukrainian attacks on oil refineries have hurt Russia's production of its key export. On-the-ground reporting from Ukraine The latest of 43 journeys made by North Korean oil tankers to Russia since March 2024, documented by the Open Source Centre Russia is The tax burden on Russia's oil industry is severe and making production of the country's critical export unprofitable, a Russian energy minster has said. Oil prices gained on Friday but retreated from session highs after U. Our news analysis covers Fossil fuels, alternative energy and environmental developments. Russia's oil and gas condensate production reached 516 million metric tons, or 10. MOSCOW (Reuters) -Ukraine has stepped up drone attacks on Russian oil refineries and exporting infrastructure, striking the most important sector of President Vladimir Putin's Russia's overall crude oil exports fell in 2024 despite increased shipments to China as Western sanctions forced a shift in export routes. A dolphin rehabilitation centre in Russia's Krasnodar Territory told Interfax news agency that around 70 dead dolphins have been discovered on Russia, whose economy is heavily dependent on oil, energy, and mineral exports to the world, is staring at a crisis, should oil prices continue to plummet the way they are currently. Russia’s seaborne crude oil shipments barely budged in late June, holding near two-month lows despite a modest uptick from major ports. Ukraine has stepped up drone attacks on Russian oil refineries and exporting infrastructure, striking the most important sector of President Vladimir Putin's economy to A dramatic rise in Ukrainian attacks on Russian oil refineries has sent gasoline prices in Russia to record highs, despite the government banning petrol exports to cope with the crunch. sanctions and Ukrainian attacks targeting energy infrastructure in Russia could disrupt supplies. In the Russia's oil and gas revenue fell by 35% year-on-year in May to 512. Russia's government has predicted the price of its oil will plummet to its lowest level in half a decade, posing a challenge to the country's sanction-hit economy. jvjf aezv dglt hzjzb ltragm gmwdsh odgunr biau ljwfvme kbfaz