Russia has launched oil production at the Chonskaya group of fields in Eastern Siberia
The Gazprom group began full-scale oil production at the Chonskaya group of fields located in Eastern Siberia at the end…
oil production
Zelensky announced a 10% reduction in Russian oil refining due to Ukraine’s strikes
The President of Ukraine, Volodymyr Zelensky, stated that thanks to strikes on oil refining facilities in Russia over the past…
Production and export of Russian oil sharply declined due to the war in Iran and Ukraine’s strikes
In April 2026, crude oil production in the Russian Federation decreased by 460,000 barrels per day compared to the same…
OPEC+ Raises Oil Quotas for the Third Consecutive Time Amid UAE Exit and Hormuz Restrictions
Seven countries within the OPEC+ alliance will increase their targeted oil production levels by 188,000 barrels per day in June.…
US Increases Pressure on Iran: Oil Production Cut Expected
The US continues to ramp up economic pressure on Iran, which may lead to a halt in oil production in…
OPEC+ raises oil production quotas after UAE’s exit in June
The OPEC+ countries have decided to make a slight increase in oil production quotas in June this year. This decision…
Ukrainian Strikes on Russian Oil Refineries Reduced Oil Processing to 2009 Levels
Ukrainian attacks on oil refineries and ports of the Russian Federation have significantly impacted the industry, pushing it back to…
OPEC+ Increases Oil Production Quotas for the Second Consecutive Time in May 2026
The member countries of the Organization of the Petroleum Exporting Countries and their partners in the OPEC+ format have decided…
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…
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…