US may ease sanctions on vessels-transporting Russian oil
The United States is looking at easing sanctions against vessels that have been used to ship oil from Russia, Iran, and Venezuela, Reuters reported, citing a U.S. official.
Russian Oil
Russia aims to meet OPEC quota obligations
According to Alexander Novak, Russia intends to comply with its established oil production quota and fulfil its OPEC+ obligations to the fullest possible extent.
Russian oil production to reach nearly 500 million tonnes by 2026
Russian Minister of Economic Development Maxim Reshetnikov stated that oil production in Russia will total 494 million tonnes this year and could reach the 500-million-tonne mark by 2027.
US House approves bill on anti-Russia 'sanctions from hell'
The House of Representatives of the U.S. Congress has passed the bill to toughen anti-Russian sanctions previously approved by the U.S. Senate. The Republican-majority House voted 262 to 159 in favor of the bill. The …
Russia sends 94 percent of oil exports to friendly countries - Novak
Russia currently sends 94% of its oil exports to friendly countries, Russian Deputy Prime Minister Alexander Novak said at the Russia-China Energy Business Forum.
Russia sets record for oil exports to China
Russia's share in oil supplies to China reached a record 23% this year, making it the largest exporter to the country, Rosneft CEO Igor Sechin said.
Russia to slightly cut oil output this year - Novak
Oil production in Russia is currently somewhat lower than the forecast for this year due to the decrease in crude refining, but it will be ramped up as refineries are restored, Russian Deputy Prime Minister Alexander Novak said on the sidelines of the Eastern Economic Forum (EEF).
Rosnedra expects replenishment of oil and gas reserves this year
Russia’s oil and condensate reserves increased by 45 mln tons in the first half of 2026, while gas reserves added 156 bln cubic meters, head of the Federal Agency for Mineral Resources (Rosnedra) Oleg Kazanov said.
Kazakh refinery to process Russian oil
Kazakhstan’s Energy Ministry said the country’s Kondensat oil refinery will process Russian oil, with 70% of the resulting petroleum products to be shipped to Russia and the remaining 30% retained in Kazakhstan, Kazakh Energy Minister Yerlan Akkenzhenov said.
Russia increased non-oil and gas revenues by 18 percent
Russia's budget saw an 18% rise in non‑oil and gas revenues this year, while income from the oil and gas sector declined.
OPEC plus nations to increase daily oil production
The seven OPEC+ nations, namely Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria, and Oman, have agreed to increase daily oil production in September by 188,000 (on August), OPEC said after their meeting.
Kazakhstan in talks to process Russian crude
Kazakhstan is in talks with Russia to process Russian oil at its refineries with the products to be sold domestically and supplied back to Russia, the Kazakh Ministry of Energy said.
Russian oil price cap frozen by EU - report
EU ambassadors have failed to agree on the 21st package of sanctions against Russia, with negotiations postponed until July 23, a diplomatic source in Brussels said.
OPEC countries plan to increase oil production by 188,000 barrels per day
Seven OPEC+ members have agreed to boost oil output by 188,000 bpd in August
Kremlin comments on possibility of fuel imports into Russia
Discussions with other countries on potential fuel imports was the main topics of Tuesday’s briefing by Kremlin Spokesman Dmitry Peskov.
Oil prices may exceed 150 dollars - Sechin
Global oil prices could rise by another approximately $100 per barrel under new restrictions on Russian oil and exceed $250 per barrel, Executive Secretary of the presidential commission on fuel and energy sector development strategy and environmental security and Rosneft CEO Igor Sechin said.
EU may impose sanctions against Lukoil and Rosneft - report
The European Union is considering imposing new restrictive measures against Russian companies Lukoil and Rosneft as part of preparations for the 21st sanctions package, Politico reported, citing documents related to negotiations on sanctions policy.
EU seeks to freeze Russian oil price cap - media
According to media reports, the EU's price cap on Russian oil may be frozen amid the ongoing blockade of the Strait of Hormuz.
UK eases sanctions on Russian oil
Following Washington's example, the UK has loosened restrictions on Russian oil due to the tensions in the Strait of Hormuz.
US temporarily easing sanctions against Russian oil
The USA government has opted to temporarily ease sanctions on Russian oil in response to the necessity of stabilizing the energy market.
