Prices of Sunflower Oil in Ukraine and Europe Rise Due to Drought
The cost of sunflower oil in Ukraine and European countries has significantly increased amid record heat and drought that have…
oil production
Kuibyshev Oil Refinery in Samara Ceases Operations After Attack and Damage
The Kuibyshev Oil Refinery, owned by Rosneft and located in the Samara region, has completely halted oil processing following a…
OPEC+ Increases Oil Production Amid Threat of Tariffs from the US for Buyers of Russian Crude
The OPEC+ member countries have agreed to increase oil production by 547,000 barrels per day in September. This decision was…
Gas Prices in Russia Reach Historic High Due to Attacks on Refineries
In recent days, the Russian Federation has faced a severe fuel shortage after several key oil refineries were put out…
Global Oil Prices Decline Due to Increased OPEC+ Production and Economic Risks
Global oil prices continue to show a negative trend following OPEC+'s decision to significantly increase production. The market is under…
Ukraine Plans to Completely Process Oilseed Crop in 2025/26 Marketing Year
Ukrainian oil producers forecast that in the 2025-2026 marketing year, the volume of oilseed crop in Ukraine will reach 22…
Polish Producers Request Lifting of Ban on Ukrainian Rapeseed Imports
The Polish Oil Producers Association (PSPO), representing 95% of the domestic industry, has appealed to Prime Minister Donald Tusk to…
Global Banks Forecast Oil Prices to Fall to $58 per Barrel
Leading international banks have revised their forecasts for oil prices downward. According to updated data, the average cost of a…
Ukraine Shifts to Exporting High Value-Added Products
The Minister of Agrarian Policy of Ukraine, Vitaliy Koval, reported positive changes in the agro-processing sector, which showed significant growth…
The USA and Saudi Arabia Work to Lower Oil Prices
U.S. Energy Secretary Chris Wright expressed confidence that energy prices could decrease during Donald Trump's presidency. He noted that “over…