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Ukraine strikes Russian oil refinery in coordinated attack

Ukrainian forces launched overnight strikes on key strategic targets, hitting a Russian oil refinery deep inside Russian territory and damaging critical oil infrastructure in occupied areas on November 11. The attacks mark an escalation in Kyiv's efforts to weaken Moscow’s war economy. The......

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,......

US announces sweeping sanctions against Russia's 2 largest oil firms

The United States has launched its most comprehensive economic measures against Russia, targeting its two largest oil companies, Rosneft and Lukoil, as efforts to resolve the war in Ukraine remain stagnant. The sanctions, announced by Treasury Secretary Scott Bessent on October 21, 2025, represent a......