Russia
News
November 21, 2025
Russia’s Lukoil PJSC has dissolved the supervisory board of its international business as U.S. sanctions take effect, signaling deepening operational and financial strain for the oil producer. The move comes as global buyers examine Lukoil’s overseas assets and trading operations contract under mounting pressure.
News
November 18, 2025
ExxonMobil, Chevron, ADNOC and Carlyle are evaluating parts of Lukoil’s international portfolio as U.S. sanctions set to take effect in December accelerate the Russian producer’s efforts to divest global assets, including stakes in Iraq’s West Qurna 2 field and operations in Uzbekistan.
News
November 18, 2025
The U.S. Treasury says its latest sanctions on Rosneft and Lukoil are pushing Russian crude prices to multi-year lows and prompting major Indian and Chinese buyers to pause December purchases. Officials warn additional measures may follow as the U.S. targets Moscow’s oil revenue.
News
November 13, 2025
The IEA says new U.S. sanctions on Rosneft and Lukoil pose major downside risks to Russia’s oil output and global supply, despite exports holding steady for now.
News
November 11, 2025
Governments across Europe and the Middle East are scrambling to maintain operations at Lukoil’s global oil assets after the U.S. Treasury sanctioned Russia’s number two oil producer and blocked a proposed sale to Gunvor Group.
News
November 10, 2025
Lukoil has declared force majeure on oil shipments from Iraq’s West Qurna 2 field following new U.S. sanctions, marking the first major disruption to the Russian producer’s international operations.
News
October 29, 2025
U.S. President Donald Trump’s newly announced sanctions on Russian oil companies are facing a first major challenge in talks with Xi Jinping. Analysts say China’s response will be key to starving Kremlin revenue and tightening global oil markets.
News
October 24, 2025
Nomura Holdings says India’s shift away from discounted Russian crude will be offset by potential lower U.S. tariffs under a new trade deal, easing the impact on growth. Economists expect reduced levies to boost India’s export competitiveness while managing inflation risks from higher oil prices.
News
October 23, 2025
U.S. sanctions targeting Russian oil producers Rosneft and Lukoil are unsettling China’s oil industry, which relies on Moscow for up to 20% of its crude imports. The measures, part of the Trump administration’s wider energy sanctions, raise fears of supply disruptions and secondary penalties.
News
October 16, 2025
India’s foreign ministry said it was unaware of any conversation between Prime Minister Narendra Modi and President Donald Trump after the U.S. leader claimed Modi had agreed to stop Russian oil purchases. Despite U.S. pressure and new tariffs, India maintains it will continue buying Russian crude.
News
September 05, 2025
India’s Finance Minister Nirmala Sitharaman said the country will continue buying Russian oil, signaling its intent to defy U.S. President Donald Trump’s persistent demands to halt the purchases.
News
August 20, 2025
Russia expects India to continue buying its oil, a senior official said, even as the South Asian nation faces higher U.S. tariffs and harsh criticism from Trump administration officials for the trade.
News
August 19, 2025
According to a new Rystad Energy report, Brent oil prices have shifted very little over the last two weeks, staying in the range of $65 to $66 per barrel. The Russia-Ukraine peace talks loom large, with bearish sentiment winning out in anticipation of Russian barrels making a return to global markets.
News
August 18, 2025
Oil rose Monday as U.S. President Donald Trump’s meeting with Ukrainian President Volodymyr Zelenskiy tempered expectations that a resolution to the conflict with Russia will be reached quickly. Talks of a Ukraine war resolution have caused recent market uncertainty, with oil trading in a narrow range.
News
July 14, 2025
Oil prices dropped as U.S. President Donald Trump reignited his global trade war, while his latest plan to pressure Russia into a ceasefire with Ukraine didn’t include new measures aimed directly at hindering Moscow’s energy exports.
News
July 11, 2025
West Texas Intermediate advanced almost 3% to settle above $68 a barrel after U.S. President Donald Trump said he plans to make a “major statement” on Russia on Monday and reiterated criticism of President Vladimir Putin.
News
May 30, 2025
Officials say the supply hikes reflect Saudi Arabia’s desire to punish over-producing members like Kazakhstan and Iraq, recoup market share lost to U.S. shale drillers and other rivals, and satisfy U.S. President Trump’s desire for cheaper oil.
News
April 28, 2025
Russia’s oil producers have been drilling wells at a pace not seen in at least five years as the nation readies for both a loosening of OPEC+ output limits and the possibility of relief from some international sanctions over its invasion of Ukraine.
News
April 03, 2025
In a conference Thursday, OPEC+ was expected to simply remind errant members to respect output limits, ahead of confirming its existing plan to gradually raise production. Instead, they delivered a major shock — increasing supply by three times the planned amount in May in what delegates described as a deliberate effort to drive down prices.
News
November 29, 2024
Russia’s Gazprom PJSC is preparing for a scenario where natural gas flows via Ukraine halt entirely next year.
News
November 28, 2024
Russia’s controversial Nord Stream 2 pipeline lost the latest round of its legal fight against European Union gas market rules, in a largely symbolic court defeat for the now-shuttered project.
