Latest
Ukraine
Russia Releases Photos of ‘Arctic Metagaz’ Tanker Hit by Kyiv’s Mediterranean Drones in March
The Investigative Committee of Russia carried out a detailed examination of the vessel, documenting the “complete destruction of the ship’s control systems.”
May 25, 2026
US
Oil Falls, Stocks Climb on Hopes of US-Iran Hormuz Deal
Washington and Tehran appear close to agreeing on ending the Middle East war that has effectively closed the Hormuz strait, driving up energy prices and stoking global inflation.
May 25, 2026
Russia
Fuel Panic Hits Occupied Sevastopol as Russia Limits Gasoline Sales
Authorities in Russian-occupied Sevastopol limited gasoline sales after reports of fuel shortages and rising prices triggered long queues at gas stations.
May 23, 2026
Russia
Fire at Oil Terminal in Russia’s Novorossiysk; Officials Blame ‘Fallen Drone Debris’
Emergency services were deployed after several buildings caught fire at one of Russia’s key Black Sea oil export hubs.
May 23, 2026
Zelensky
Ukraine Hits Yaroslav Refinery in Second Strike Within a Week
President Volodymyr Zelensky said Ukrainian drones hit a refinery in Russia’s Yaroslavl region following a similar strike on Tuesday.
May 22, 2026
Energy
Explosion at Hungarian MOL Refinery Kills 1, Injures 9
The blast hit the Olefin 1 unit during a restart at the MOL Petrolkémia site, sparking a fire that was later contained by firefighters.
May 22, 2026
Energy
Kyiv in Talks With UK Over ‘Loophole’ in Russian Fuel Sanctions
Ukraine is in talks with the UK over changes to fuel rules linked to Russian oil, after London issued a licensing measure it says does not weaken sanctions but aims to secure fuel supply.
May 20, 2026
Russia
Ukrainian Drones Hit 10 Russian Refineries in May, 6 Shut Down
Ukrainian drone strikes targeted key Russian oil infrastructure in May, with officials saying attacks forced six refineries to halt operations.
May 20, 2026
War in Ukraine
Ukrainian Drone Strikes Halt Operations at Moscow, Ryazan Oil Refineries
Russia’s Moscow and Ryazan oil refineries suspended operations after Ukrainian drone strikes over the weekend and last Friday, according to Reuters sources.
May 20, 2026
US
EU Dismayed as US Eases Oil Sanctions on Russia
The economy commissioner says it is not the time to ease pressure on Russia
May 20, 2026
Russia
Drones Strike Major Yaroslavl Oil Facility as Perm Turns to Prayer for Protection Against UAVs
Drones targeted a major oil refinery in Yaroslavl, while Orthodox priests in Perm held a prayer procession for protection after repeated UAV strikes on oil infrastructure.
Updated: May 19, 2026
War in Ukraine
US Senators Say Trump’s Russian Oil Sanctions Relief Is ‘Gift to Putin’
Senators Shaheen and Warren warn the extended waiver could boost Kremlin oil revenues as Russia continues attacks on Ukraine.
May 19, 2026
Russia
US Extends Sanctions Waiver for Russian Seaborne Oil
The US Treasury extended a sanctions waiver allowing temporary access to Russian seaborne oil.
May 18, 2026
Energy
Ukraine Drone Strike Halts Russia’s Perm Oil Refinery Deep in Urals
According to industry sources, three primary crude distillation units were taken offline immediately after the attack, while additional units were also halted.
May 13, 2026
Energy
Russian Fossil Revenues Peak in April Despite Ukrainian Strikes
Russia’s fossil fuel export revenues reached a peak in April 2026 as surging global prices offset lower export volumes caused by Ukrainian strikes on oil facilities and infrastructure.
May 12, 2026
Iran
Trump Rejects Iran Deal as Oil Price Surges, Strait of Hormuz Crisis Deepens
Trump rejects Iran’s proposal as “totally unacceptable,” sending oil prices soaring and raising fears of prolonged war and disruption in the Strait of Hormuz.
May 11, 2026