Advertising

Keywords: LUKOIL


Ukraine extends campaign by striking Russian patrol ship and oil platforms in the Caspian Sea

Ukrainian forces have carried out a series of long-range drone strikes targeting a Russian patrol ship and several oil production platforms in the Caspian Sea, marking a significant escalation in Kyiv’s strategy to disrupt Moscow’s energy revenues. According to Ukraine’s General Staff,......

Washington prepares new sanctions as Moscow weighs peace plan rejection

The United States is preparing new sanctions against Russia’s energy sector in case President Vladimir Putin rejects the latest peace proposal aimed at ending the war in Ukraine. According to reports, the measures would target a network of vessels and intermediaries involved in transporting Russian......

Oil prices sink as peace hopes in Ukraine stir oversupply fears

Global oil prices have plunged to their lowest level in four years, driven by renewed hopes for peace talks between Russia and Ukraine and mounting concerns about a worsening supply glut. Brent crude slipped below 60 dollars a barrel, while West Texas Intermediate traded near 56 dollars, as markets reacted......

Ukraine extends deep-strike campaign to hit Russian Caspian oil platforms

Ukraine has intensified its long-range drone campaign by striking a Russian oil platform in the Caspian Sea for the third time in a week, signalling an escalating effort to cripple Moscow’s energy infrastructure. The attack targeted the Korchagin production platform, one of several operated by......

Ukraine widens offensive with first strike on Russian oil platform in Caspian Sea

Ukraine has carried out its first attack on a Russian oil platform in the Caspian Sea, signaling a significant escalation in its campaign to hit Moscow’s economic lifelines supporting the war effort. Security officials in Kyiv confirmed that long-range drones targeted the Filanovsky platform operated......

Romania criminalizes sanction violations and plans state oversight of Lukoil operations

Romania’s parliament has criminalized violations of international sanctions, imposing prison sentences for individuals and companies that breach or circumvent restrictions. The changes mark a significant escalation in the government’s response to enforcement, upgrading prior fines to criminal......

Global oil surplus expected to reach 4 million barrels per day by 2026, IEA warns

The International Energy Agency (IEA) has raised its global oil supply growth forecasts, cautioning that the market may face increasing imbalances in the coming years. According to the agency's latest monthly report, global oil supply is projected to outpace demand by 4 million barrels per day (bpd)......

U.S. sanctions deepen Russian oil discount to $20 per barrel under Brent

The latest U.S. sanctions targeting Russia’s top oil producers, Rosneft and Lukoil, have driven the discount on the country’s flagship Urals crude to $20 per barrel below Brent, marking the steepest reduction this year. The price gap mirrors levels seen shortly after Russia’s invasion......

Saudi Arabia navigates delicate ties as US sanctions test OPEC+ unity

Saudi Arabia is facing a critical diplomatic balancing act as escalating US sanctions on Russia's oil industry strain the fragile cohesion of the OPEC+ alliance. This comes just weeks ahead of a crucial White House meeting between Saudi Crown Prince Mohammed bin Salman and US President Donald Trump,......