Russia's oil product production index fell nearly 22% in June year-over-year amid significant refinery disruptions and slower fuel price growth.
Russia’s State Duma revises fuel dampener and compensation rules to curb price swings amid export restrictions and refinery disruptions.
The Saratov oil refinery has suspended operations after Ukrainian drone attacks damaged its primary processing unit, exacerbating fuel shortages in Russia.
On July 2, Russia launched deadly strikes across multiple Ukrainian regions, causing numerous casualties and widespread infrastructure damage amid ongoing conflict escalation.
Russia permits circulation of higher-sulfur Euro-3 fuels domestically until 2026 to address fuel shortages caused by refinery strikes and supply disruptions.
The US has extended the temporary license for Serbia’s NIS to operate under sanctions, allowing ongoing crude processing while ownership shifts from Gazprom to MOL Group.
Russia's aviation kerosene imports from Belarus surged nearly fourfold in May amid declining domestic production caused by refinery outages and ongoing military conflicts.
The US has imposed new sanctions on five major Cuban state companies controlling 40% of the economy, escalating economic tensions and enabling US firms to pursue compensation claims.
Bulgaria intends to veto the EU's latest sanctions package against Russia, citing threats to its economy and energy sector, notably concerns over Lukoil's operations.
Drone attacks overnight sparked fires at major Russian chemical and oil facilities, prompting transport restrictions and airport operation limits across multiple regions.
US Treasury’s OFAC extends MOL’s deadline to June 16 to finalize acquisition of Gazprom’s stake in Serbia’s oil refiner NIS amid sanctions-induced disruptions.
Drone attacks in Rostov and Saratov regions ignite fires at oil storage and refinery facilities, causing infrastructure damage but no reported casualties.
Russia plans a 1-2 month ban on diesel and aviation kerosene exports due to refinery disruptions caused by increased drone attacks on fuel plants.
Five more victims recovered from Starobelsk university dormitory rubble, raising fatalities to 21 after Ukrainian strike amid conflicting military claims.
Lukoil’s NORSI refinery in Nizhny Novgorod halves capacity after Ukrainian drone strikes, impacting a quarter of Russia’s refining output.
The UAE has reportedly conducted secret airstrikes on Iranian oil infrastructure amid escalating Iranian drone and missile attacks, shifting regional dynamics and impacting key economic sectors.
Latvian Defense Minister Andris Spruds resigns following unauthorized drone incursions linked to Ukraine, raising concerns over Baltic airspace security amid regional conflicts.
Global oil stocks declined by a record 200 million barrels in April amid Middle East tensions, pushing inventories close to eight-year lows despite demand drops.
Moscow’s May 9 Victory Day parade will omit military vehicles for the first time in years due to operational security concerns amid heightened regional tensions.