Russian oil

Just cut Russian oil, customers in 60 years could lose hundreds of millions of USD to gas

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Polish oil and gas company Orlen could have to pay $290 million if Gazprom wins the Russian gas dispute.

Customer has cut off Russian oil flow for 60 years

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Polish Group Orlen has terminated its final contract related to Russian oil and completely stopped oil imports from Russia.

The possibility of the US raising the bar to deal with Russian oil

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The US bill threatening to impose a 500% tax on Russian oil buyers is likely to be just a "push-up" - a political move rather than a practical measure.

A series of oil tankers docking at Russian ports mysteriously exploded

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At least five tankers that have visited the Russian port this year have mysteriously exploded in a series of shaky accidents at sea.

Revealing the world's largest Russian oil billionaire

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Reliance Group, owned by Indian billionaire Mukesh Ambani, has become the world's largest Russian oil buyer this year.

Serbia calls for US help for the fourth time while under Russian oil

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The Serbian oil and gas company asked the US to extend the sanctions exemption for the fourth time to continue importing Russian oil.

Breaking the G7 commitment barrier, a member country quietly imports Russian oil

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Breaking the G7's commitment to sanction Russia, Japan has just re- imported Russian oil directly, without intermediaries.

Hungarian businesses warn of economic consequences from EU ban on Russian oil

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The entire cut off of Russian oil would cost Hungary's MOL Zsolt Hernadi $500 million a year, said Hungarian oil company's CEO.

Oil tanker seized by Russia while leaving Estonia Port released, revealing next destination

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The Green Admire oil tanker with a national flag of Cuba was arrested by Russia on May 18 after leaving port in Estonia.

Russia arrests oil ship from Estonian port, tensions escalate in the Baltic Sea

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Russia seized a Greek tanker, flying a civil flag, on May 18 after it left Estonia's Baltic Sea port, the Estonian Foreign Ministry said.

Russian oil and gas prices to China drop sharply

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The amount of Russian oil and liquefied natural gas (LNG) imported into China in the first quarter of 2025 all decreased sharply.

EU country determined to completely end Russian oil after more than half a century of dependence

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The Czech Republic has announced an end to using imported Russian oil after 60 years of dependence, switching to a complete supply from the West.

An Eastern European country has yet to stop Russian oil

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The Czech Republic has yet to terminate Russian oil despite alternative options.

The Russian budget faces a storm

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Russian Urals are sliding to $50 a barrel, could seriously weigh on Moscow's budget.

Russian court decides to save strategic oil export route

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The Russian court decided not to suspend the operation of the oil export terminal of the Caspian pipeline operator pip pipeline pipeline pipeline consortium (CPC).