The US May Reinstate Strict Sanctions on Russian Oil — Rubio’s Statement
US Secretary of State Marco Rubio emphasized that the current policy of the United States involves increased sanctions pressure on…
oil industry
Oil Refining in Russia Falls to Lowest Level in 16 Years Due to Ukrainian Attacks
In May 2026, Ukrainian drones carried out a record number of attacks on oil infrastructure facilities in the Russian Federation…
Ukrainian Drone Attacks Led to Significant Reduction in Oil Refining in Russia
Since the beginning of 2026, Ukrainian drones have carried out a series of attacks on at least 16 oil refineries…
Kernel Oil Terminal in Chornomorsk Halts Operations Due to Drone Attack
The Kernel oil terminal, located in the port of Chornomorsk, suffered significant damage following a night-time kamikaze drone attack on…
China bans companies from ignoring US sanctions against oil refineries
The Ministry of Commerce of China has officially mandated national companies not to comply with the sanctions imposed by the…
US Imposes Sanctions on Chinese Refinery Hengli and 40 Shipping Companies Over Iranian Oil
The US has announced sanctions against one of China's largest oil refineries, Hengli Petrochemical, and 40 shipping companies linked to…
First Tanker After US Blockade Exports Oil from the Persian Gulf
A tanker flying the Pakistani flag has become the first vessel to successfully navigate the Strait of Hormuz and export…
Russia has set the Urals oil price at $59 per barrel in the 2026 budget
The Minister of Finance of the Russian Federation, Anton Siluanov, stated that the oil price established in the 2026 budget…
Oil Exports from Russia in April 2026 Hit a Low Due to Attacks on Terminals
From March 16 to April 12, 2026, the average daily volume of oil exports from the Russian Federation decreased to…
US Partially Eases Sanctions, But Russia Fails to Increase Oil Exports
In March 2026, the Russian Federation was unable to increase its maritime oil shipments despite a temporary easing of sanctions…