Ukraine’s attacks on Russian oil infrastructure climbed to the highest monthly level since December, cutting the neighboring nation’s refinery runs to multi-year lows.
Ukraine’s attacks on Russian oil infrastructure climbed to the highest monthly level since December, cutting the neighboring nation’s refinery runs to multi-year lows.
Russian police officers secure an area as smoke rises following a recent drone attack on the Tuapse oil refinery in Tuapse, Krasnodar region, Russia on April 29.
Ukrainian drones struck a major refinery deep inside Russia and again attacked an oil-pumping station nearby, further crippling Moscow’s crude-processing capability.
Ukrainian drones struck a major refinery deep inside Russia and again attacked an oil-pumping station nearby, further crippling Moscow’s crude-processing capability.
April 30 satellite imagery from NASA FIRMS suggests fires at the Perm oil-pumping station and in the vicinity of the Perm refinery
The United Arab Emirates’ decision to leave OPEC won’t lead to an imminent price war since the Iran conflict has throttled producers’ ability to unleash supplies, Russian Deputy Prime Minister Alexander Novak said.
The United Arab Emirates’ decision to leave OPEC won’t lead to an imminent price war since the Iran conflict has throttled producers’ ability to unleash supplies, Russian Deputy Prime Minister Alexander Novak said.
The OPEC (Organization of the Petroleum Exporting Countries headquarters in Vienna, on April 28.
Ukraine said it hit an oil pumping station deep inside Russia, as well as a sanctioned tanker in the Black Sea, the latest in a wave of strikes on its adversary’s energy infrastructure.
Ukraine said it hit an oil pumping station deep inside Russia, as well as a sanctioned tanker in the Black Sea, the latest in a wave of strikes on its adversary’s energy infrastructure.
NASA FIRMS satellite images from April 29 show a heat anomaly over the station, located about 24 kilometers (15 miles) from the city of Perm.
Russia said it has no plans of leaving its alliance with OPEC after the United Arab Emirates’ shock decision to quit the cartel raised questions about its future amid a historic supply disruption caused by the Iran war.
Russia said it has no plans of leaving its alliance with OPEC after the United Arab Emirates’ shock decision to quit the cartel raised questions about its future amid a historic supply disruption caused by the Iran war.
The headquarters of the Organization of the Petroleum Exporting Countries in Vienna. Photographer: Andrey Rudakov/Bloomberg
Sooner or later, the US blockade may force Iran to cut oil production.
Cargo ships, oil tankers and other vessels off the shore of Singapore, on Tuesday, March 17, 2026. A widening conflict in the Middle East has led to dramatic swings and surges in the price of fuel for ships, prompting distributors in Singapore, the world’s top bunkering hub, to cut back their purchases. Photographer: Ore Huiying/Bloomberg
Polluted rain fell on Russia’s Black Sea city of Tuapse as authorities struggle to extinguish a blaze at local oil facilities following a drone attack, highlighting the environmental effects from the war in Ukraine.
Polluted rain fell on Russia’s Black Sea city of Tuapse as authorities struggle to extinguish a blaze at local oil facilities following a drone attack, highlighting the environmental effects from the war in Ukraine.
An image taken by the Copernicus Sentinel satellite on April 16 shows smoke over the port city of Tuapse and the surrounding coastal area.
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.
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