Russia Archives - Page 2 of 52 -

Kazakhstan seeks U.S. approval to buy Lukoil’s Kazakh assets

January 28, 2026

(Oil Price) – Kazakhstan has filed a formal bid with the U.S. Treasury seeking authorization to buy out the Kazakh assets of Russia’s sanctioned oil firm Lukoil, Kazakhstan’s Energy Minister Yerlan Akkenzhenov said on Wednesday. The United States sanctioned Lukoil at the end of October, which prompted the Russian firm, the country’s second-largest oil producer, to seek a sale of its foreign assets. Soon after,

Russia’s oil and gas budget revenue falls 24% to lowest since 2020

January 15, 2026

(BOE Report) – Russia’s federal budget revenues from oil and gas dropped by 24% in 2025 to the lowest level since 2020, according to Finance Ministry data, as oil prices fell while the rouble appreciated. Oil and gas revenue is the leading source of cash for the Kremlin, making up a quarter of federal budget proceeds that have been drained

Venezuela marks the opening move in a LatAm geoeconomic reset: Vladimirov

January 15, 2026

(BOE Report) – The ousting of Nicolas Maduro in Venezuela may mark the beginning of a broader U.S. attempt to realign Latin America geoeconomically, limiting the ability of Russia and China to use the Western Hemisphere as a pressure point in global commodity markets. Central America could become the next domino to fall. The region is an attractive route for facilitating both

Russia claims ownership of oil assets it’s developing in Venezuela

January 13, 2026

(Oil Price) – Russia on Tuesday asserted ownership of all oil assets a state Russian company is developing in Venezuela, following the claims of U.S. President Donald Trump that major American and Western oil firms would help revive Venezuela’s oil industry. Russia’s Roszarubezhneft, a state-owned firm that took over Rosneft assets in 2020 following U.S. sanctions on Rosneft’s Venezuelan oil trade, said on

Russian oil production dips as U.S. sanctions bite

January 9, 2026

(Oil Price) – Russia’s crude oil production dipped to 9.326 million barrels (bpd) in December, down by over 100,000 bpd from November and nearly 250,000 bpd lower than Moscow’s OPEC+ quota, sources familiar with classified government data told Bloomberg on Friday. The fresh U.S. sanctions on Russia’s top producers Rosneft and Lukoil drove the lower crude output at the end of last year.

U.S. captures Russia-linked tanker after naval standoff in the North Atlantic

January 7, 2026

(Oil Price) – U.S. forces have seized a Russia-flagged tanker in the North Atlantic after a dramatic pursuit that began near Venezuelan waters, marking a sharp escalation in Washington’s enforcement of its global blockade on sanctioned Venezuelan oil. U.S. European Command confirmed the capture of the M/V Bella 1, saying the vessel was seized for sanctions violations “pursuant to a warrant issued by a

Oil exports via Caspian pipeline down 12% in November m/m, sources say

December 11, 2025

(BOE Report) – Oil exports of the Caspian Pipeline Consortium (CPC), which ships oil from Kazakhstan via a pipeline and subsequently a Russian Black Sea terminal, declined by 12% in November from October, two industry sources said on Thursday. CPC, which handles around 80% of Kazakhstan’s oil exports, was attacked by a Ukrainian drone on November 29, when one of

Exclusive-US bank floats plan to repay US investors via Lukoil asset sale, sources say

December 9, 2025

(Investing) – LONDON – U.S. investment bank Xtellus Partners has proposed to the U.S. Treasury that proceeds from the sale of Lukoil’s foreign assets be used to repay American investors who lost money when Russia’s war in Ukraine froze their Lukoil stock holdings, sources said. U.S. asset managers including BlackRock, JP Morgan and Goldman Sachs lost billions of dollars when they had to first freeze and

Oil prices hold steady due to stalled Ukraine peace talks and supply outlook

December 5, 2025

(Investing) – LONDON – Oil prices were steady on Friday, supported by stalled Ukraine peace talks, though gains were offset by expectations of a supply glut. Brent crude was down 7 cents, or 0.1%, to $63.19 per barrel by 1255 GMT. U.S. West Texas Intermediate dipped 10 cents, or 0.2%, to $59.57 a barrel. For the week, Brent was largely stable and

Council and Parliament strike a deal on rules to phase out Russian gas imports for an energy secure and independent Europe

December 4, 2025

(Council of the EU) – Today, the Council presidency and the European Parliament’s representatives reached a provisional agreement on the regulation to phase out imports of Russian natural gas. The regulation constitutes a central element of the EU’s REPowerEU roadmap to end dependency on Russian energy following Russia’s weaponisation of gas supplies with significant effects on the European energy market. The regulation introduces a

Oil steady after Ukraine strike on Russian oil pipeline does not disrupt supply

December 4, 2025

(Investing) – LONDON – Oil prices were steady on Thursday, with the market focused on Ukraine’s attacks on Russian oil assets, while stalled peace talks tempered expectations of a deal restoring Russian oil flows. Brent crude rose 35 cents, or 0.6%, to $63.02 at 1326 GMT, while U.S. West Texas Intermediate rose 41 cents, or 0.7%, to $59.36. Ukraine hit the Druzhba

Oil prices rise as talks fail to achieve Ukraine peace deal

December 3, 2025

(Investing) – Oil prices rose Wednesday, bouncing after the previous session’s losses, as high-level U.S.-Russia talks failed to reach a breakthrough in ending the war in Ukraine. At 08:05 ET (13:05 GMT), Brent Oil Futures expiring in February rose 1.1% to $63.15 per barrel and West Texas Intermediate (WTI) crude futures gained 1.3% to $59.38 per barrel. Both contracts slipped more than 1% on Tuesday.

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