Ukrainian President Volodymyr Zelenskiy said repairs have been completed on the Druzhba oil pipeline, allowing the resumption of Russian oil flows to Europe and paving the way for a much-needed €90 billion ($106 billion) loan.
Ukrainian President Volodymyr Zelenskiy said repairs have been completed on the Druzhba oil pipeline, allowing the resumption of Russian oil flows to Europe and paving the way for a much-needed €90 billion ($106 billion) loan.
The Baltic Exchange in London is consulting the shipping market about making changes to its benchmark tanker rate after the Iran war closed the Strait of Hormuz, rendering part of the normal trade route inaccessible.
The Baltic Exchange in London is consulting the shipping market about making changes to its benchmark tanker rate after the Iran war closed the Strait of Hormuz, rendering part of the normal trade route inaccessible.
Flags fly from The Baltic Exchange in London, U.K., on Tuesday, March 17, 2020. While the U.K. authorities have abandoned efforts to contain the coronavirus, focusing on delaying the worst of the outbreak, financial-services companies are grappling with policy as several offices cope with health scares.
Russia’s government expects to sell natural gas for several years to China at about a third less than the price paid by Europe, underscoring how a pivot to Asia hasn’t fully offset the loss of most of the country’s Western markets.
Russia’s government expects to sell natural gas for several years to China at about a third less than the price paid by Europe, underscoring how a pivot to Asia hasn’t fully offset the loss of most of the country’s Western markets.
An underground gas storage facility in Kasimov, Russia.
A handful of oil tankers were racing toward the Strait of Hormuz on Friday after Iran declared it open, even as industry groups urged caution and several shipowners and traders said they needed more clarity about the status of the waterway before making any decisions.
A handful of oil tankers were racing toward the Strait of Hormuz on Friday after Iran declared it open, even as industry groups urged caution and several shipowners and traders said they needed more clarity about the status of the waterway before making any decisions.
Russia’s Leningrad region is calling up reservists to try to protect vital infrastructure after Ukraine stepped up drone attacks on Baltic ports and refineries.
Russia’s Leningrad region is calling up reservists to try to protect vital infrastructure after Ukraine stepped up drone attacks on Baltic ports and refineries.
Jeff Currie, the one-time Goldman Sachs Group Inc. commodities strategist known for shaping investor views on energy markets, has co-founded an oil and gas company.
Jeff Currie, the one-time Goldman Sachs Group Inc. commodities strategist known for shaping investor views on energy markets, has co-founded an oil and gas company.
Russia’s emergency services are stepping up efforts to extinguish a massive fire in the Black Sea port city of Tuapse after a Ukrainian drone attack that happened more than 24 hours earlier.
Russia’s emergency services are stepping up efforts to extinguish a massive fire in the Black Sea port city of Tuapse after a Ukrainian drone attack that happened more than 24 hours earlier.
An image taken by the Copernicus Sentinel satellite shows smoke over the port city of Tuapse on April 16.
Ukraine’s drone strikes on key Russian oil-export outlets in the Baltic and Black seas may put India’s crude-refining operations at risk in the near future, according to the International Energy Agency.
Ukraine’s drone strikes on key Russian oil-export outlets in the Baltic and Black seas may put India’s crude-refining operations at risk in the near future, according to the International Energy Agency.
Long-range drones at an undisclosed location in Ukraine. Photographer: Evgeniy Maloletka/AP Photo
Russia’s crude output was virtually flat in March after three consecutive months of declines, as Ukraine’s attacks on its foe’s oil infrastructure continued to hamper seaborne exports and crude processing.
Russia’s crude output was virtually flat in March after three consecutive months of declines, as Ukraine’s attacks on its foe’s oil infrastructure continued to hamper seaborne exports and crude processing.
An oil pumping jack in an oilfield near Almetyevsk, Tatarstan, Russia.
Crude exports from Russia’s biggest Black Sea port are still limited, with its two largest berths yet to resume loadings after Ukrainian drone attacks last week.
Crude exports from Russia’s biggest Black Sea port are still limited, with its two largest berths yet to resume loadings after Ukrainian drone attacks last week.
Two key berths at the Novorossiysk oil port remained empty on Sunday, according to Copernicus Sentinel imagery
Ukraine said it hit drilling platforms in the Caspian Sea owned by Russian oil major Lukoil PJSC, the latest strike before a short ceasefire during Orthodox Easter starting on Saturday.
Ukraine said it hit drilling platforms in the Caspian Sea owned by Russian oil major Lukoil PJSC, the latest strike before a short ceasefire during Orthodox Easter starting on Saturday.
Ukraine said it hit Russia’s key Baltic port of Ust-Luga, the latest in a spate of attacks on the country’s oil-export infrastructure as the war between the two nations shows no signs of easing.
Ukraine said it hit Russia’s key Baltic port of Ust-Luga, the latest in a spate of attacks on the country’s oil-export infrastructure as the war between the two nations shows no signs of easing.
Oil storage tanks at the Ust-Luga terminal complex.
Russia’s key Black Sea oil terminal caught fire following an overnight drone attack, Ukraine’s General Staff said on Monday, confirming earlier satellite images from NASA.
Russia’s key Black Sea oil terminal caught fire following an overnight drone attack, Ukraine’s General Staff said on Monday, confirming earlier satellite images from NASA.
NASA FIRMS imagery shows fires in Russia’s port of Novorossiysk, including the area of the Sheskharis oil terminal
Russia’s key Black Sea oil terminal caught fire following an overnight drone attack, Ukraine’s General Staff said on Monday, confirming earlier satellite images from NASA.
Russia’s key Black Sea oil terminal caught fire following an overnight drone attack, Ukraine’s General Staff said on Monday, confirming earlier satellite images from NASA.
NASA FIRMS imagery shows fires in Russia’s port of Novorossiysk, including the area of the Sheskharis oil terminal
Heavy rains, wet snow and strong winds damaged some power facilities in the Russian region of Dagestan, leaving dozens of villages without electricity, local officials said.
Heavy rains, wet snow and strong winds damaged some power facilities in the Russian region of Dagestan, leaving dozens of villages without electricity, local officials said.
A flooded street in the village of Adillotar in Khasavyurt district, Republic of Dagestan in a photo released by Russian state media, on April 2.
Russia’s oil tax revenue in March dropped by nearly half compared to a year earlier, highlighting the Kremlin’s financial strain just before the Middle East war delivered an unexpected boost to Moscow’s earnings.
Russia’s oil tax revenue in March dropped by nearly half compared to a year earlier, highlighting the Kremlin’s financial strain just before the Middle East war delivered an unexpected boost to Moscow’s earnings.
The Panamanian-flagged Tiger Wings, carrying crude oil from Russia, moored off the Petron oil refinery in Limay, Bataan province, Philippines, on April 1, 2026.
The crude terminal at Russia’s Baltic port of Ust-Luga appears undamaged in satellite images after multiple Ukrainian drone attacks in the region.
An April 1 satellite image from Planet Labs PBC shows damage to storage tanks at Novatek and Ust-Luga Oil, while the Transneft tanks (bottom of the picture) appear intact
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