Russia Archives - Oil & Gas 360

Global oil security looks shakier as conflicts hit 45 million Bpd of supply

August 27, 2026

(Oil Price) – Almost half of the world’s oil supply is produced in regions currently engaged in hot conflicts, Reuters reported this week. The situation raises questions about long-term oil supply security and the limits to diversification. The Middle East, of course, is the most obvious and most disruptive example. While oil prices on speculative markets have remained capped by trader optimism, the

Goldman Sachs: Diesel crunch is now the biggest threat in oil markets

July 30, 2026

(Oil Price) – The biggest oil supply squeeze is currently in diesel markets amid the lowest global refining activity for this time of year since the 2020 pandemic, Goldman Sachs says. War-induced refinery outages in the Middle East and Russia have collapsed global fuel supply, especially of diesel, while increased output in the Americas and Africa has managed to offset

America extends its lead over Russia and Saudi Arabia in oil output

July 14, 2026

(Oil Price) – While the United States has been the world’s biggest consumer of oil for decades, it became the largest oil producer, too, back in 2018, and has retained that crown ever since. The shale revolution and the growth in the Permian oil production have allowed the U.S. not only to retain the top spot ahead of Russia and Saudi

The global supply reset: Parallel markets, energy trade in a fragmented world

April 28, 2026

(By Oil & Gas 360) – Global energy markets are no longer operating as a single, integrated system. What has emerged instead is a parallel structure, one shaped as much by geopolitics and sanctions as by supply and demand. Nowhere is that shift more visible than across Eurasia, where countries are adapting to a market that is increasingly divided, rerouted,

Eurasia’s gas puzzle

April 21, 2026

(By Oil & Gas 360) – Eurasia holds some of the largest natural gas resources in the world. The challenge has never been geology; it’s been access. From Russia’s vast reserves to Central Asia’s underdeveloped basins and the emerging potential of the Caspian and Eastern Mediterranean, Eurasia is rich in gas. Yet much of that supply remains constrained by infrastructure, geopolitics, and

World’s top oil companies to rake in extra $234 billion in war profits

April 15, 2026

(Oil Price) – An analysis by The Guardian has revealed that the world’s largest Oil & Gas companies, as well as major oil producers such as Saudi Arabia and Russia, will make an extra $234 billion in windfall profits by the end of the year if oil prices continue to average $100 per barrel. According to the exclusive report,

War redraws energy trade routes

April 7, 2026

(By Oil & Gas 360) – As conflict in the Middle East disrupts traditional flows, Russia is quietly repositioning itself to capture new openings in global energy trade. Officials in Moscow have pointed to the shifting landscape as an opportunity, less about replacing lost barrels and more about redirecting them. When established routes tighten, trade does not stop; it moves.

Supply shock scrambles global oil trade: by Oil & Gas 360- oil and gas 360

Oil markets fragment as supply shifts: by Oil & Gas 360

March 26, 2026

(By Oil & Gas 360) – Global oil markets are being reshaped in real time as geopolitical disruptions and shifting sanctions policies force buyers and producers to rethink long-established trade patterns. A recent U.S. waiver allowing limited purchases of Russian crude has helped keep some barrels moving into the global system, particularly into Asia. The move was designed as a short-term

Citi says geopolitics to support oil near term; peace deals seen lowering prices

February 17, 2026

(BOE Report) – Oil prices could remain supported in the near term as U.S. President Donald Trump ramps up pressure for peace deals involving Russia and Iran, but a resolution later this year may ultimately push crude lower, Citi said on Monday. Brent crude has rallied from around $60 per barrel to near $70 in the past month, partly reflecting

Top trader sees sanctions tightening market and lifting oil prices

February 12, 2026

(Oil Price) – The sanctions squeeze on oil supply from Russia and Iran are tightening the oil market and supporting crude prices as buyers look for additional legit barrels while sanctioned supply is piling in floating storage, according to the world’s biggest independent oil trader, Vitol. “The traditional buyers of those two supply sources are reaching for more Western or Saudi

Russia says US restrictions on its role in Venezuela’s oil business are discrimination

February 11, 2026

(Investing) – MOSCOW – Foreign Minister Sergei Lavrov said on Wednesday that new U.S. restrictions on the role of Russia and other countries in Venezuela’s oil business were blatant discrimination and the Kremlin said it would clarify the matter with Washington. The U.S. Treasury Department on Tuesday issued a general license to facilitate the exploration and production of oil and gas

Oil stable as Iran concerns ease, Russian flow to India slows

February 9, 2026

(Investing) – LONDON – Oil prices were stable on Monday after the U.S. and Iran pledged to continue indirect talks, easing oil supply fears, but India stepping away from Russian purchases gave prices a floor and global stock markets rallied. Brent crude oil futures were up 6 cents, or 0.1%, at $68.11 a barrel by 1304 GMT, while U.S. West Texas Intermediate crude rose

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