Drone debris ignited a fire at a Novorossiysk oil terminal, injuring two people. Russian officials reported additional drone attacks target...

The US has extended a waiver for Russian oil exports, but traders believe it won't significantly boost shipments. Russia's infrastructure i...

Ukraine's unmanned forces commander, "Madyar," is orchestrating deep strikes into Russia, targeting defense and oil facilities to cripple w...

He accused the US of seeking to "dominate global energy markets" and sideline Russian firms. Amid West Asia tensions, Lavrov highlighted th...

Russia's Urals oil export blend hit its highest price since October 2023, reaching $94.87 a barrel for tax purposes this month. This surge,...

Kyiv has stepped up its attacks inside Russia in recent weeks, aiming to knock out oil refineries, depots and ports and cripple Moscow's bi...

Reliance Industries navigates tough market conditions. Refining margins face volatility due to rising costs. Global crack spreads show impr...

Russian Urals oil faces its largest discount in three years from Baltic ports. Western sanctions are the cause. This impacts Russia's budge...

Urals oil, Russia's flagship export blend loaded from its western ports, is mostly supplied to Asia due to a European Union embargo on Russ...

Russia is selling oil to India at a price of nearly $80 per barrel, which is $20 above the Western price cap. This is due to tight global o...

Russia's high dependence on India as its main oil buyer is a rising concern for its oil companies this month, as an expected rise in loadin...

Attractive prices for Urals mean good margins for Indian refiners while term contracts between Russian and Indian companies and lower freig...

In March, India's purchases of Urals oil accounted for more than 65% of total seaborne exports of Urals, Refinitiv data showed. Traders sai...

Russia currently uses Urals price assessments in Europe's Rotterdam and Augusta ports, provided by commodity price reporting agency Argus, ...

Also on Dec. 5, the Group of Seven leading economies implemented a $60 price cap on Russian seaborne oil to try to limit Moscow's ability t...

Shipments to Europe, which was previously the largest consumer, amounted to slightly less than a quarter. Almost the entire volume was deli...

Rosneft offered 5.1 million tonnes of Urals oil loading from Primorsk, Ust-Luga and Novorossiisk on May 1-June 30 and 0.32 million tonnes o...