A growing portion of Russia's oil tanker fleet is being forced to reflag as U.S. and U.K. sanctions intensify pressure on Moscow's shipping network, Bloomberg reported on Jan. 23. The removal of these flags disrupts Russia's oil export logistics, forcing tankers to re-register in less reputable jurisdictions and change ownership to avoid detection. The pressure […]
President Donald Trump said on Jan. 23 he will ask the Organization of the Petroleum Exporting Countries (OPEC) to lower the price of oil, saying it would end Russia's full-scale invasion of Ukraine "immediately." "If the price came down, the Russia-Ukraine war would end immediately," he said via videolink at the World Economic Forum in […]
Indian banks has begun blocking payments for Russian oil imports following the latest round of U.S. sanctions against Russia's oil industry, according to a report from Energy Intelligence, an energy information company. The U.S. on Jan. 10 announced large-scale sanctions against major Russian oil companies and nearly 200 vessels of Moscow's "shadow fleet." Following the […]
Imports of Russian crude oil to China reached a record high in 2024, rising by 1% compared to 2023, Reuters reported on Jan. 20. The Russian fossil fuel industry is the primary economic driver of Moscow's full-scale war against Ukraine. Despite sanctions and Ukrainian strikes on Russian oil production, China, the world's largest crude oil […]
Key developments on Jan. 19: Ukraine hits 2 oil depots in Russia overnight Zelensky slaps sanctions on Ukraine's top pro-Russian politicians Lack of medical treatment, problems with unit transfers most common causes of appeals, new military ombudsman says Ukrainian troops withdraw from, launch attack on Chasiv Yar refractory plant SBU detains metro engineer who allegedly […]
Ukrainian drones attacked an oil depot in Russia's Tula Oblast overnight on Jan. 18, a source in Ukraine's military intelligence (HUR) told the Kyiv Independent. According to the source, the drones, operated by HUR, hit the oil depot at least 10 times in this attack. Tula Oblast, located south of Moscow, has regularly come under […]
Editor's note: This is a developing story and is being updated. A fire erupted at an oil depot in the town of Uzlovaya in Russia's Tula Oblast following a Ukrainian drone attack on the facility overnight on Jan. 18, regional Governor Dmitry Milyaev said. Milyaev said that a fuel storage tank caught fire at "one […]
Editor's note: This is a developing story and is being updated. A fire erupted at an oil depot in the city of Lyudinovo in Russia's Kaluga Oblast following a Ukrainian drone attack on the facility on Jan. 17, regional Governor Vladislav Shapsha said. Various Russian Telegram channels, citing residents, reported sounds of explosions in the […]
Six Russian oil tankers still under construction at Russia's Zvezda shipyard have been targeted by U.S. sanctions imposed last week, Reuters reported on Jan. 17. The latest sanctions targeted over 180 oil-carrying vessels of Russia's so-called "shadow fleet," a group of aging tankers routinely used for sanction evasion. Several of these vessels are also reportedly […]