Russia’s crude output declined for a third consecutive month in February, underlining the impact of US sanctions and as Ukrainian drone strikes curb domestic oil-processing.
Russia’s crude output declined for a third consecutive month in February, underlining the impact of US sanctions and as Ukrainian drone strikes curb domestic oil-processing.
An oil pumping jack operates in an oil field near Samara, Russia.
Russia’s President Vladimir Putin urged nation’s oil and gas producers to take advantage of sky-rocketing commodities prices to reduce their debt, because the spike will be temporary.
Russia’s President Vladimir Putin urged nation’s oil and gas producers to take advantage of sky-rocketing commodities prices to reduce their debt, because the spike will be temporary.
Oil pumping jacks in an oilfield near Almetyevsk, Tatarstan, Russia
Russia’s Sheskharis oil terminal at the Black Sea port of Novorossiysk resumed loadings over weekend, bringing some relief to the global market amid the Middle East conflict.
Russia’s Sheskharis oil terminal at the Black Sea port of Novorossiysk resumed loadings over weekend, bringing some relief to the global market amid the Middle East conflict.
Oil tankers moored at the Sheskharis terminal in Novorossiysk on March 8, 2026 indicate that the facility has resumed operations after a drone strike at the start of the month.
US military escorts are urgently needed, but it’s ultimately the ship captains who decide whether to sail.
TOPSHOT - A motorboat cruises along the shore off the town of Al Jeer on the Strait of Hormuz in the northern emirate of Ras Al Khaimah, with a tanker seen in the background, on February 25, 2026. (Photo by FADEL SENNA / AFP via Getty Images) Photographer: FADEL SENNA/AFP
Russia’s flagship crude is selling at the deepest discount in the international marketplace in almost three years as western sanctions deter trade with Moscow.
Russia’s flagship crude is selling at the deepest discount in the international marketplace in almost three years as western sanctions deter trade with Moscow.
Russia’s oil producers reduced the pace of drilling in 2025 to the lowest level in three years, dimming the outlook for output growth this year as Western sanctions and a strong ruble undercut revenue.
Russia’s oil producers reduced the pace of drilling in 2025 to the lowest level in three years, dimming the outlook for output growth this year as Western sanctions and a strong ruble undercut revenue.
Oil pumping jacks, in an oilfield near Dyurtyuli, Russia. Photographer: Andrey Rudakov/Bloomberg
The most extensive sea ice in 15 years around Russia’s key Baltic Sea commodity ports could curb a chunk of the nation’s vast exports program because of a shortage of vessels that can cope with the conditions.
The most extensive sea ice in 15 years around Russia’s key Baltic Sea commodity ports could curb a chunk of the nation’s vast exports program because of a shortage of vessels that can cope with the conditions.
Russian fishermen fish on the ice-covered Gulf of Finland in the port of Saint-Petersburg.
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.
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.
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.
Long-range drones at an undisclosed location in Ukraine.
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.
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.
Flares burn at the Tengiz oil field in Tengiz, Kazakhstan.
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’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.
The Alexey Kosygin ship. Photographer: Alligator K/MarineTraffic
Russia said Ukrainian drones targeted the Afipsky refinery in the Krasnodar region overnight, in the latest attack on the nation’s energy infrastructure.
Russia said Ukrainian drones targeted the Afipsky refinery in the Krasnodar region overnight, in the latest attack on the nation’s energy infrastructure.
The Afipsky refinery in southern Russia Source: Google Maps
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.
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.
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.
A picture taken on April 7, 2011 shows Russian LUKOIL ice-resistant fixed platform LSP-1, built at the Astrakhansky Korabel shipyard, intended to drill and operate wells and collect and pre-treat reservoir content at Korchagin's oil field in the Russian sector of the Caspian Sea some 180kms outside Astrakhan. The fields productivity of oil and gas condensate will peak at 2.3 million tonnes oil and 1.2 bcm gas per year. AFP PHOTO / MIKHAIL MORDASOV (Photo credit should read MIKHAIL MORDASOV/AFP via Getty Images)
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.
A picture taken on April 7, 2011 shows Russian LUKOIL ice-resistant fixed platform LSP-1, built at the Astrakhansky Korabel shipyard, intended to drill and operate wells and collect and pre-treat reservoir content at Korchagin's oil field in the Russian sector of the Caspian Sea some 180kms outside Astrakhan. The fields productivity of oil and gas condensate will peak at 2.3 million tonnes oil and 1.2 bcm gas per year. AFP PHOTO / MIKHAIL MORDASOV (Photo credit should read MIKHAIL MORDASOV/AFP via Getty Images)
Anmelden
