The Russian government’s oil revenues collapsed to the lowest in more than five years in January as weaker global prices, steeper discounts for the nation’s barrels, and a stronger currency took a toll on the budget.

Ukrainian drone strikes on Russian refineries dropped to a six-month low in January, allowing the Kremlin to increase fuel supplies to the domestic market and resume gasoline exports.

Kazakhstan’s largest oil producer is preparing to resume output at the giant Tengiz field, a further step to normalize the nation’s supply to global markets after a series of disruptions in recent months.

Ukraine said it hit a small oil refinery in southern Russia, the third attack this month on its foe’s fuel-producing industry.

Russia’s first domestically built ice-class tanker docked at the US-sanctioned Arctic LNG 2 plant, expanding the facility’s fleet of vessels able to transport the fuel in winter.

Russia said Ukrainian drones hit a Black Sea port late Wednesday, setting four fuel terminals on fire and killing two people.

Russia said Ukrainian drones targeted the Afipsky refinery in the Krasnodar region overnight, in the latest attack on the nation’s energy infrastructure.

Russia’s revenues from its oil and gas industry, vital to financing its war in Ukraine, dropped to a five-year low in 2025 as crude prices slumped and gas exports declined.

An oil tanker sailing under the flag of Russia arrived in UK territorial waters — days after it was seized in the Atlantic Ocean by US forces.

Ukraine overnight targeted three drilling platforms in the Caspian Sea owned by Russian oil major Lukoil in the latest move to weaken Russia’s economic capacity to fund its war effort.

Ukraine overnight targeted three drilling platforms in the Caspian Sea owned by Russian oil major Lukoil in the latest move to weaken Russia’s economic capacity to fund its war effort.

Russia and Ukraine struck each other’s Black Sea ports overnight, damaging infrastructure including an oil refinery.

Ukraine has ratcheted up attacks on Russian energy infrastructure this month, hitting the most assets and the widest range of targets since the war began.

Russia’s ambitions to triple its annual liquefied gas production have been pushed back by several years amid international sanctions, according to Deputy Prime Minister Alexander Novak.

Russia’s ambitions to triple its annual liquefied gas production have been pushed back by several years amid international sanctions, according to Deputy Prime Minister Alexander Novak.

Sovcomflot PJSC, Russia’s largest shipping company, received the first domestically built ice-class tanker to expand the fleet of ships hauling super-chilled gas from the blacklisted Arctic LNG 2 project year-round.

Urals crude tumbled to about $34 a barrel at the point of export last week, a deep discount to international benchmarks.

Russia’s flagship Urals crude oil slumped to about $34 a barrel in a signal that US sanctions on Moscow are having an impact.

The relaunch of a second mooring at the Caspian Pipeline Consortium terminal has once again been delayed, according to two people familiar with the situation.

Russia said a drone attack damaged infrastructure and vessels in the Black Sea port of Taman, yet another strike on the country’s commodities assets.