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Poland Discovers Leak in Russia-Germany Oil Pipeline

Polish operator PERN discovered similar leaks in 2022 and 2023.

Russia’s Transneft to Slash Investments Following Corporate Tax Hike

Lawmakers in the lower-house State Duma passed a bill raising Transneft’s corporate tax from 20% to 40% in 2025-2030.

Russian Oil Refineries Risk Closure Amid Mounting Losses – Reuters

“We expect that the actual [plant] closures may take place at the beginning of next year,” an anonymous source familiar with the matter told Reuters...

Russia to Explore Mega Oil Merger – WSJ

The deal, combining Rosneft, Gazprom Neft and Lukoil would create the second-largest oil producer in the world.

G7 Agrees New Steps to Curb Russian Sanctions Evasion

The G7 finance ministers also said they would take additional measures aimed at "increasing the costs to Russia of using the shadow fleet to evade sanctions...

U.K. Issues Largest Sanctions Yet on Russian ‘Shadow Fleet’

Despite previous sanctions, a study by the Kyiv School of Economics found that Russia still exports around 4.1 million barrels a day via its shadow fleet...

Russia Approves Construction of Fuel Pipeline in Congo

The pipeline was originally announced in 2017 but was then delayed due to the Covid-19 pandemic.

Hungary Welcomes Russia Crude Supply Deal After Ukraine Halts Lukoil Transit

Hungarian energy company MOL said it reached a deal ensuring the continued supply of Russian oil via a pipeline running through Ukraine.

India Overtakes China as Russia’s Top Oil Importer in July – Reuters

Russian crude exports to India last month reached a record 2.07 million barrels per day compared with 1.76 million to China.

Ukrainian Drones Spark Fuel Fire in South Russia

Ukrainian drones attacked an oil storage facility in Russia's southern Rostov region early Sunday morning, the local governor said.

Is the Western Quest to Strangle Russia’s ‘Shadow Fleet’ Doomed to Fail?

Over two years into the invasion of Ukraine, sanctioning Russia's energy sector — the Kremlin's main cash cow — remains an elusive task for the Western...

Western Insurers Provide Cover for Russian Crude Tankers – Reuters

At least five companies provided insurance to 10 tankers that sailed from Russia to Asia this year, including two carrying Rosneft oil.

Indonesia Seeks to Buy Russian Oil for the First Time in Decade – Reuters

State-owned oil and natural gas corporation Pertamina added two Russian oil grades alongside others to its tender lists for purchase in September.

Ukrainian Sanctions Halt Lukoil Deliveries to Slovakia, Hungary – Reports

Sanctions signed by Zelensky have effectively banned Russia’s second-largest oil producer Lukoil from using Ukraine as a transit hub.

Russian Oil and Gas Revenues Surge in June – Reuters

The estimated 812 billion rubles in revenues would mark a more than 50% year-on-year increase — up from 529 billion rubles in June 2023.

Russian Refinery Halts Operation After Drone Strike

The Slavyansk-on-Kuban refinery is one of the biggest in southern Russia.

Russia to Cut Oil Output by 471,000 Bpd in 2Q24

Deputy Prime Minister Alexander Novak said Moscow will reduce its output by 350,000 bpd in April, 400,000 bpd in May and 471,000 bpd in June.

Bulgaria Ends Russian Oil Imports

Bulgaria is historically close to Moscow and was almost entirely dependent on Russian oil and gas imports before Moscow's full-scale invasion.

Russia to Ban Gasoline Exports for 6 Months

The Russian government previously imposed “temporary restrictions” on gasoline and diesel exports late last year to tackle surging prices.

U.K. Lawmakers Warn Russia Skirting Oil Sanctions With 'Shadow' Tankers

Initially successful, the $60 per barrel price ceiling on Russian oil lost its impact once Moscow found new buyers and tankers to deliver its exports.

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