Russia’s Oil Tax Revenues Halved in March 2026
In March 2026, the Russian Federation's revenues from oil taxes decreased by almost 50% compared to the same period last…
oil industry
Ukraine’s Strikes on Russia’s Oil Refining Infrastructure Reduce Oil Production
As a result of numerous strikes by the Armed Forces of Ukraine on port infrastructure, pipelines, and oil refineries, the…
Kulevi Oil Refinery in Georgia Stops Using Russian Oil Due to EU Sanctions
The only oil refinery in Georgia, located in the port of Kulevi, will no longer accept or use oil from…
Trump Announces Plans for the U.S. to Control the Oil Industry in Iran
U.S. President Donald Trump stated that Washington is considering the possibility of establishing control over Iran's oil industry, similar to…
Oil Prices Plummet Amid US-Iran Negotiations and Pause in Attacks
Oil prices are showing a significant decline at the end of the week, approaching the steepest weekly drop in the…
Russia Receives Less Revenue from Oil After US Sanctions Easing
The Russian Federation is receiving less revenue from oil exports, even after the US temporarily allowed the sale of Russian…
Operations at the Ras Tanura Oil Refinery Suspended After Iranian Attack
One of the largest oil refineries in the world, located in the city of Ras Tanura in Saudi Arabia, has…
The United Kingdom has imposed extensive sanctions to limit Russia’s oil revenues
The United Kingdom has announced the launch of the largest sanctions package since 2022, aimed at significantly reducing Russia's oil…
Russia Faces Oil Storage Shortages and is Forced to Cut Production
The Russian Federation is under pressure due to a critical shortage of oil storage capacity, caused by issues with exporting…
Lukoil Sells Foreign Assets to US Investment Fund Carlyle
The Russian oil company "Lukoil" has officially announced the conclusion of an agreement with the American investment fund Carlyle regarding…