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.
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)
Russia and Ukraine struck each other’s Black Sea ports overnight, damaging infrastructure including an oil refinery.
Emergency services tackle a blaze following Russian attacks in Odesa region, Ukraine, in a photo released on Dec. 31. Source: State Emergency Service of Ukraine
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.
Soldiers man an M777 howitzer during a combat mission in the Dnipropetrovsk region, Ukraine, on Dec. 24.
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.
A flare stack at the Yamal LNG plant, in Russia. Source: Andrey Rudakov/Bloomberg
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.
A flare stack at the Yamal LNG plant, in Russia. Source: Andrey Rudakov/Bloomberg
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.
The Glen Cove tanker moored at Jawaharlal Nehru Port in Navi Mumbai, Maharashtra, India, on Saturday, Aug. 9, 2025. US President Donald Trump said he'd impose a 50% tariff on Indian exports to the US half of which includes a penalty for purchases of Russian oil. Photographer: Bloomberg/Bloomberg
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.
A tanker and the terminal of the Caspian Pipeline Consortium, left, in the Black Sea near Novorossiysk, Russia.
An oil tanker caught fire after an overnight drone attack on Russia’s southern city of Rostov, as Ukraine expands the scope of strikes on energy assets.
Ukrainian long-range drones at an undisclosed location in February.
Ukraine said it hit a major oil refinery and an oil depot in Russia as US President Donald Trump dispatched envoys to Berlin for another round of talks on how to end the war that Russian President Vladimir Putin started in 2022.
BAKHMUT DISTRICT, UKRAINE - NOVEMBER 12: A Ukrainian military man equips and prepares a drone for flight and prepares ammunition at positions 4 kilometers from the frontline as the special unit "Achilles" is preparing to carry out a combat mission at night on the heavy drone "Vampire", which the Russians call "Baba Yaga" on November 12, 2023 in the Bakhmut District, Ukraine. SkyFall, a Ukrainian company, has launched mass production of unmanned aerial vehicles. The new "Vampire" model can carry up to 15 kg of ammunition. The Armed Forces of Ukraine use Vampire hexacopters to drop different types of munitions on the enemy, such as cumulative and thermobaric, and are most often used against tanks and other armored vehicles. Unmanned aerial vehicles are equipped with a thermal imager, which allows you to attack the enemy in the dark. Ukrainian forces continue to fight to retake Bakhmut, which was captured by Russian forces in May, following a yearlong war battle. Over the summer, Ukraine regained territory north and south of Bakhmut but Russia has held the city itself. (Photo by Kostya Liberov/Libkos via Getty Images) Photographer: Libkos/Getty Images Europe
Ukraine attacked Lukoil PJSC’s Filanovsky oil field in the Caspian Sea, according to a person familiar the matter, widening the scope of its strikes on Russian energy infrastructure just as President Volodymyr Zelenskiy is under US pressure to agree to a peace deal largely on the Kremlin’s terms.
Ukrainian long-range drones at an undisclosed location in February.
Ukraine said it attacked a Rosneft PJSC oil refinery and a small port on Russia’s Azov Sea coast, adding to a wave of strikes that are becoming costly for Moscow and its petroleum industry.
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