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 […]
A Ukrainian drone struck an oil refinery in the city of Ufa in Russia's Republic of Bashkortostan, the head of the republic, Radiy Khabirov, said on Oct. 31. According to Khabirov, three Ukrainian drones fell within the facility of the oil refinery, with one falling on the refinery itself. The drone caused minimal damage with […]
The amount of oil spilled in the Kerch Strait by two Russian oil tankers is "significantly less than the initial estimate," Russia's Transport Ministry claimed on Jan. 2. Two Russian oil tankers,Volgoneft 212 and Volgoneft 239, suffered severe damage during a storm on Dec. 15. Both vessels were reportedly carrying a total of 9,200 tons […]
Sixty-five oil tankers paused operations in various places around the world following the recent U.S.-U.K. sanctions against Russia’s oil industry and shadow fleet, Reuters reported on Jan. 13, citing maritime tracking data. According to the news agency, five of those tankers were anchoring off China and Singapore, while others were idling in the Baltic Sea […]
The sinking of two Russian tankers in the Kerch Strait on Dec. 15 may cause "significant" environmental damage, Greenpeace Ukraine warned. The two tankers, which reportedly sank due to severe weather conditions, were carrying approximately 4,000 tons of fuel oil on board each. "Any oil or petrochemical spill in these waters has the potential to […]
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 […]
A Ukrainian drone fell on the territory of an oil depot in the town of Svetlograd in Russia's Stavropol Krai overnight on Nov. 1, Governor Vladimir Vladimirov has claimed. According to Russia's Defense Ministry, Russian air defenses overnight shot down 36 drones over Kursk Oblast, 20 over Bryansk Oblast, 12 over occupied Crimea, eight over […]
Editor's Note: This is a developing story and is being updated. An oil depot in Russia's Voronezh region caught fire following multiple drone strikes, regional governor Alexander Gusev said on Jan. 15. No casualties were reported, according to Gusev. The Kyiv Independent is unable to immediately verify the reports. Voronezh is located approximately 465 kilometers […]