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Stay updated with the latest oil news as EU experts arrive in Ukraine to assess the "Druzhba" pipeline. Hungarian PM Viktor Orbán emphasized Hungary's support for Ukraine contingent upon the pipeline's restoration. In Russia, a significant fire has ravaged an oil depot in Labinsk. Romania urges the EU to apply more pressure on Russia, which continues to profit from oil despite international sanctions. Meanwhile, Zelenskyy criticizes the US for easing oil sanctions, potentially benefiting Russia financially. As oil prices surge globally, discussions on sanctions continue to dominate international relations. Stay informed on these impactful developments shaping oil markets in 2026.

What is the current state of the "Druzhba" oil pipeline?

EU experts are in Ukraine to inspect the "Druzhba" oil pipeline. This assessment comes amid discussions of support for Ukraine, with Hungary's Prime Minister stating aid depends on the pipeline's restoration.

Why is Hungary linking support to Ukraine with the "Druzhba" pipeline?

Hungary's Prime Minister Viktor Orbán has stated that support for Ukraine hinges on the restoration of the "Druzhba" oil pipeline, highlighting its significance for Hungary's energy supply. Without this pipeline operational, debates around aid and support remain unresolved.

What impact has the fire in Labinsk, Russia had on the oil industry?

The extensive fire at the Labinsk oil depot in Russia has resulted in dozens of fuel tanks burning, potentially disrupting regional supplies. This incident adds to the tension in the global oil market, which is already strained by geopolitical conflicts.

How are EU countries addressing Russia's oil revenue gains?

Romania is calling for increased EU pressure on Russia due to its continued revenue from oil sales. This call to action comes as preparations for a new round of sanctions are underway, aiming to curb Russia's financial benefit from oil amid ongoing conflicts.

What are Zelenskyy's concerns with lifting oil sanctions on Russia?

President Zelenskyy has expressed concerns that easing oil sanctions on Russia would directly fund the war effort, including the production of drones potentially used against international allies. He argues that such actions would empower Russia financially.

How is the US involved in the current oil sanctions discussions?

The US has partially eased sanctions on Russian oil, sparking criticism from Ukraine's President and highlighting a divide in approach. While the overall sanctions remain, specific allowances have been made, such as permitting India to purchase Russian oil.

What are the effects of recent geopolitical tensions on global oil prices?

Geopolitical tensions, particularly the escalation in the Middle East, have caused global oil prices to rise sharply, surpassing $100 per barrel. This price surge impacts economies worldwide, prompting discussions on energy policy and market stability.

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TOP news oil

Meloni wants to see the US in the Coalition of the Willing Meloni allows special measures to curb fuel prices due to war in Middle East Italian Prime Minister Giorgia Meloni has said that the government may introduce a so-called "mobile" fuel tax to curb price increases amid oil supply disruptions caused by the war in the Middle East. 1 086 6 Previously in trend: US strikes on Iran

Rasmussen EU has not yet reached agreement on reducing price of Russian oil, three countries are against it, - Danish Foreign Minister Rasmussen The European Union has not yet reached a consensus on reducing the price ceiling for Russian oil, one of the key elements of the 18th package of sanctions against Russia. 1 175 6 Previously in trend: EU sanctions against Russia drop in oil prices

болгарія Bulgaria cancels tax on Russian gas transit and bans oil refining from Russia Bulgaria’s parliament passed a law banning the export of fuel produced from Russian oil from 1 January 2024 and stopping Lukoil’s refinery from processing this oil from 1 March. 4 956 6 World

Індія продовжить купувати російську нафту за низькими цінами India will continue to buy cheap Russian oil as long as suppliers are not under sanctions India is ready to continue buying oil from Russian companies that are allowed to make such sales. The prices are low. 3 249 6

European Commission to unveil proposal to ban all Russian oil imports to the EU in early 2026 EU to present proposal to ban all Russian oil imports in early 2026 The European Commission will in early 2026 present a legislative proposal for a complete ban on imports of Russian oil to the European Union. 720 5 Previously in trend: Russian oil exports

Britain considers using Russian oil to support Ukraine Britain considers using oil from Russia’s ’shadow fleet’ to aid Ukraine - Times The United Kingdom is exploring the possibility of using oil seized from ships belonging to Russia's "shadow fleet" to finance military support for Ukraine. 1 077 5 Previously in trend: Russia’s shadow fleet

Kaja Kallas EU can reduce price ceiling on Russian oil without US participation, - Kallas The head of the European Union's diplomacy, Kaja Kallas, said that even if the United States does not agree to further reduce the price ceiling for Russian oil, the European Union can do it on its own. 1 825 5 Previously in trend: drop in oil prices

EU to propose phasing out Russian oil purchases by end of 2026 European Commission to propose EU phase-out of Russian oil by end of 2026 By the end of 2026, the European Commission will propose that EU member states stop purchasing Russian oil. 566 5 Previously in trend: EU’s rejection of Russian energy resources

Minister of Foreign Affairs of Ukraine Andrii Sybiha Ukraine proposes to EU to reduce price cap on Russian oil to $30 - Sybiha Ukrainian Foreign Minister Andrii Sybiha said that Ukraine proposes to the European Union to reduce the price limit on Russian oil from the current $60 to $30 per barrel. 806 5 Previously in trend: oil prices

Drone attack on the port of Tuapse. What is known about the consequences? Russian port of Tuapse halts fuel exports after drone attack - Reuters The Russian Black Sea port of Tuapse has suspended fuel exports, and the local oil refinery has stopped processing crude oil following attacks by Ukrainian drones on November 2. 2 789 5 Previously in trend: Drone attack on Russian regions UAV attack on oil refinery of Russia Striking Russia

Strike on the Ryazan oil refinery. What is known about the attack? Ukrainian drone attacks on Russian oil refineries have boosted profits for Western oil giants, - Reuters Leading Western energy corporations have received unexpected financial benefits as a result of numerous Ukrainian drone attacks on Russian oil industry facilities. This has led to increased profitability in the global oil refining market and reduced concerns about a possible oversupply in the global market. 21 098 5 Previously in trend: UAV attack on oil refinery of Russia

Britain calls on G7 to lower price ceiling on Russian oil Britain urged G7 to lower price ceiling on Russian oil, - Bloomberg The United Kingdom has called on its G7 partners to lower the price ceiling for Russian oil in order to increase pressure on Vladimir Putin and force Russia to end its war against Ukraine. 861 4 Previously in trend: oil prices

нафта Estonia prematurely stops buying Russian oil In the ninth month of the full-scale Russian invasion, the Estonian government approved a decree regulating the purchase, import and transportation of oil and petroleum products from the Russian Federation. 1 971 4 World

tanker Netherlands is developing measures against Russia’s "shadow fleet," — Zelenskyy The Netherlands is developing measures to counter Russia's "shadow fleet." 699 4 Previously in trend: Russia’s shadow fleet

EU ambassadors will discuss the 15th package of sanctions against Russia on November 27, EU ambassadors to discuss 15th package of sanctions against Russia on November 27 - Reuters On Wednesday, November 27, European Union ambassadors will discuss the 15th package of sanctions in response to Russia's invasion of Ukraine in 2022, in particular against the Russian "shadow fleet" and Chinese companies involved in the production of drones for Moscow. 587 4 Previously in trend: Sanctions against Russia EU sanctions

Attack on Novorossiysk port: oil exports halted Russia halts oil exports through Novorossiysk port after drone attack - Reuters The Russian Black Sea port of Novorossiysk suspended oil exports on Friday after a drone attack. Transneft stopped supplying oil to the port. 1 876 4 Previously in trend: Drone attack on Russian regions Strikes on Russia’s oil ports

ровеньки Fire broke out at oil depot in occupied Rovenky: Russian media say about "attack of Ukrainian drone". PHOTOS A fire broke out at an oil depot in the temporarily occupied Rovenky in the Luhansk region. 7 483 4 Previously in trend: War

oil Poland calls on EU to completely phase out Russian oil by end of 2026 - The Guardian Polish Energy Minister Milosz Motyka has called on EU countries to stop importing Russian oil by the end of 2026 to "cut off funding for the Russian military machine and help Ukraine end the war." 634 4 Previously in trend: EU’s rejection of Russian energy resources

Vietnam helps Russia circumvent oil sanctions Russia and Vietnam have created scheme to circumvent price cap on Russian oil, - DIU Russia and Vietnam have organized a scheme to circumvent oil sanctions, guaranteeing at least $75 per barrel. 1 933 4 Previously in trend: sanctions circumvention increase in RF oil prices

Romania is calling on the EU to step up pressure on Russia Romania is calling on EU to step up pressure on Russia over its additional oil revenues Pressure on Russia must be stepped up, particularly as part of the preparations for the 20th round of sanctions, given the additional revenue it is generating from petroleum products amid the conflict in the Middle East. 664 5 Previously in trend: EU sanctions against Russia

sanctions against Russian oil UK imposes sanctions on two Russian oil companies The UK government has imposed new sanctions against Russian oil companies. 1 263 3 Previously in trend: Sanctions against Russia

нафта Oil supplies from Russia fell to lowest level in December - Bloomberg Crude oil supplies from Russia over the past four weeks have fallen to its lowest level in 2022 - after restrictions imposed on Russia due to its aggression against Ukraine. 4 516 3 Previously in trend: Sanctions against Russia

нафта US Treasury threatens about 30 firms with jail for violating price ceiling for Russian oil - Bloomberg The United States has warned firms that control oil tankers of imprisonment if they violate the price ceiling for Russian oil. 1 776 2 Previously in trend: Sanctions against Russia

Прем’єр-міністр Денис Шмигаль Ukraine’s sanctions against Russian companies do not threaten Slovakia’s energy security - Shmyhal Prime Minister Denys Shmyhal invited the newly appointed Slovak ambassador to Ukraine Pavel Vizdal to a meeting, where he explained that Ukraine's sanctions against Russian companies do not pose a threat to Slovakia's energy security. 887 2

japan Japan has lowered price cap on Russian oil and imposed new sanctions, - Reuters From 12 September, Japan will lower the price cap on Russian oil from $60 to $47.60 per barrel. 1 851 2 Previously in trend: Sanctions against Russia drop in oil prices

Russia’s oil output falls for second month as U.S. sanctions hit sales Russia’s oil output shrinks as U.S. raises pressure – Bloomberg In January, oil production in Russia fell for the second month in a row as U.S. sanctions created difficulties in selling its output. 1 527 2 Previously in trend: U.S. sanctions against Russia

India India buys oil from Guyana for first time, cutting imports from Russia - Reuters Two Indian refineries have purchased 4 million barrels of oil produced in Guyana from the American company Exxon Mobil. Deliveries are expected in late 2025 - early 2026. 1 290 2 Previously in trend: Russian oil exports

россия,нефть G7 countries and EU will ban shipping of Russian oil by sea next year The countries of the "Group of Seven" and the European Union will introduce a ban on sea transportation of Russian oil on December 5. 1 973 2 Previously in trend: Sanctions against Russia

Bessent on tariffs on Russia Bessent warns China against buying sanctioned Russian oil: US may impose tariffs The day before, US Treasury Secretary Scott Bessent told Chinese officials that continued purchases of sanctioned Russian oil could lead to tariffs. 2 011 2

gas imports European Parliament considers speeding up phase-out of Russian oil and gas imports – Bloomberg The European Parliament is considering accelerating the phase-out of Russian oil and gas imports. 842 2 Previously in trend: refusal from Russian gas EU’s rejection of Russian energy resources

судно US imposes sanctions against UAE company for violating "price ceiling" on Russian oil The US Treasury Department imposes sanctions on at least 18 UAE vessels involved in Russia’s attempts to sell its oil above the limits set by the international coalition. 2 247 1 Previously in trend: Sanctions against Russia

Shaheds over Poltava region Russian troops attacked Poltava region: oil companies damaged On the night of 22 October, Russian troops once again attacked the territory of Poltava region. 3 964 1 Previously in trend: ttacks on the energy sector Attack of drones on Poltava region

Oil production Sanctions curb Russian and Iranian oil supplies to China, according to Bloomberg Expanded sanctions on Chinese ports and refineries are curbing flows of Russian and Iranian oil to China, although new bypass routes suggest the slowdown may be temporary. 760 1 Previously in trend: U.S. sanctions against Russia

Європарламент European Parliament demands tougher sanctions against Russia’s "shadow fleet" - resolution On Thursday, November 14, the European Parliament adopted a resolution demanding targeted sanctions against Russia's so-called shadow fleet. 646 1

oil, RF EU may raise tariffs on Russian oil without unanimous vote - European Commission The European Union may increase tariffs on Russian oil imports by a qualified majority decision, not by unanimous vote. 1 126 1 Previously in trend: Russian oil exports increase in RF oil prices

The Russian Federation’s Shadow Fleet Russia is changing GPS data to transport sanctioned oil, - Pletenchuk Russians are using GPS spoofing technology to transport sanctioned oil so that these ships can avoid punishment. 1 185 0 Previously in trend: Russia’s shadow fleet sanctions circumvention

filling station Rada explained how state will control fuel prices The Verkhovna Rada has adopted a law on the creation of a strategic fuel reserve, which will serve as an additional stabilising factor in the energy market. The process of forming reserves is currently underway. 18 0 Previously in trend: Gas Prices

гфс Violations worth 200 mln UAH found at Ukrspyrt, and BRSM-Nafta caused losses to the state in amount of 230 mln UAH, - State Fiscal Service First deputy head of the State Fiscal Service of Ukraine Serhii Bilan told about illegal deals in Ukrspyrt company, which is the only state spirit operator on external and internal markets providing for 95% of spirit production in Ukraine. 88 0 Economics

port,primorsk,rf Ukrainian drones attack Russia’s largest oil port for first time (updated) On the night of September 12, more than 30 Ukrainian drones attacked Russia’s Leningrad region. 227 0 Previously in trend: Explosions in Russia UAV attack on oil refinery of Russia Drone industry

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