US may take some oil sanctions off
U.S. President Donald Trump announced that Washington will lift oil sanctions on some countries and may even refrain from reinstating those.
Russian Oil
Hungary proposes EU lift anti-Russia sanctions due to Iran war
The EU should immediately lift the ban on the use of Russian oil and gas in all EU countries to prevent a shortage of energy and a sharp increase in prices due to the Middle Eastern tensions, Hungarian Minister of Foreign Affairs and Trade Peter Szijjarto said following urgent meetings of the defense and energy security councils convened by Prime Minister Viktor Orban.
US considers easing sanctions on Russian oil - report
Washington could decide to further ease sanctions on Russian oil, U.S. Treasury Secretary Scott Bessent told the Fox Business TV channel.
US may lift sanctions on Russian oil
The U.S. Department of the Treasury sanctions on Russian oil will be lifted if the Ukrainian crisis is resolved peacefully, which will contribute to a reduction in global energy prices, U.S. Treasury Secretary Scott Bessent said.
EU to impose sanctions targeting Russian oil via Georgian ports - media
The EU plans to include restrictions on third countries for the first time in its upcoming 20th package of sanctions against Russia, targeting port operations in Georgia and Indonesia, according to media.
Russian oil price cap lowered
Europe has lowered the price ceiling for Russian oil from $60 to $44.1 per barrel. This marks the first use of the price adjustment mechanism since its introduction as part of sanctions.
We must avoid ban on Russian oil and gas - Orban
The Hungarian government does not intend to comply with the European Union's ban on Russian gas supplies and is considering various ways to bypass it, Hungarian Prime Minister Viktor Orban said on the Kossuth radio station.
EU to lower price cap on Russian oil to $44.1 per barrel
The EU will lower its price cap on Russian crude oil to $44.1 per barrel, with the new rate taking effect on February 1, 2026.
Russia's commercial oil reserves grew by half a billion tons
Russia has replenished the oil produced last year: while production was 0.52 billion tons, geological exploration found 0.67 billion tons in 2025, of which 0.49 billion tons are ready for production.
Russia to increase oil production to 3.8 bln barrels per year
Russia's annual oil production will increase in the medium term to 540 million tons per year, or 3.8 billion barrels per year, or 10.35 million barrels per day, Russia's Deputy Prime Minister Alexander Novak said.
European Parliament approves plan to phase out Russian gas by 2028
The plan covers both pipeline and liquefied natural gas
Hungary and Slovakia to jointly challenge EU ban on Russian energy
Hungary and Slovakia are preparing a joint lawsuit to the EU's planned ban on imports of Russian gas and oil, citing threats to their national energy security.
Russia to maintain oil refining, gas, coal output levels
Russia will maintain its oil refining volumes at 2024 levels this year, Russian Energy Minister Sergey Tsivilyov said.
Russia ready to maintain stability in global oil market
The global oil market remains sensitive to demand-supply fluctuations and OPEC+ nations will take additional measures to maintain its stability, Russian Deputy Prime Minister Alexander Novak said.
US backing strengthens Hungary's resistance to EU Russian energy ban
Hungarian Prime Minister Viktor Orbán has declared intensified opposition to EU initiatives targeting Russian gas and oil import.
Deputy FM Rudenko: India maintains Russian oil purchases despite US pressure
India continues to import Russian oil despite Donald Trump's claims of reduced purchases, Russian Deputy Foreign Minister Andrey Rudenko confirmed.
Hungary announces desire to continue purchasing Russian oil
Hungary is going to seek waivers from U.S. sanctions imposed on Russian companies that disrupt Russian oil and gas supplies to Central European countries, head of Hungarian Prime Minister Viktor Orban's Office Gergely Gulyas said.
Kuwait ready to compensate for possible oil shortage
OPEC is ready to raise production by rolling back its oil output cuts further if required to address market shortfalls after the U.S. imposed new sanctions on Russian oil majors, Kuwait's oil minister Tariq Al-Roumi said.
India reviewing oil contracts with Russia - report
Indian refiners are reviewing bills of lading for Russian crude arriving after November 21 to make sure it is not coming directly from Rosneft or Lukoil, …
Russia ships first oil to refinery in Georgia's Kulevi
Russian company Russneft has supplied a first oil cargo to the newly built Kulevi oil refinery in Georgia this month, Reuters reported, citing LSEG ship-tracking data and industry sources.
