Ukraine renews attacks on Russian energy sites – what has been hit?

April 8, 2026 4:19 PM

Ukraine renews attacks on Russian energy sites – what has been hit?

Ukraine has increased attacks on Russian energy facilities in recent weeks as peace talks have failed to make progress. Following is a summary of the attacks and their impact: NORSI NORSI, Russia's fourth-largest oil refinery, owned by Lukoil , suspended operations on April 5 following a Ukrainian drone attack, two industry sources said. NORSI, which is also Russia's second-largest producer of gasoline, can process 16 million metric tons of oil per year, or around 320,000 barrels per day. K...

Oil prices surge 5% as US hits Russian firms Rosneft, Lukoil with sanctions

October 23, 2025 8:57 PM

Oil prices surge 5% as US hits Russian firms Rosneft, Lukoil with sanctions

Oil prices surged around 5% to a two-week high on Thursday after the U.S. imposed sanctions on major Russian suppliers Rosneft and Lukoil over Russia's war in Ukraine. Sanctions against Russia could reduce the supply of oil available to global markets as Russia was the world's second-biggest crude producer in 2024 after the U.S., according to U.S. energy data. Brent futures rose $2.91, or 4.7%, to $65.50 a barrel at 10:51 a.m. EDT (1451 GMT), while U.S. West Texas Intermediate (WTI) crude rose...

US sanctions Russian oil companies as Moscow holds nuclear drills

October 23, 2025 9:02 AM

US sanctions Russian oil companies as Moscow holds nuclear drills

The United States hit Russia's major oil companies with sanctions on Wednesday and accused the Russians of a lack of commitment toward ending the war in Ukraine, as Moscow conducted a major training exercise involving nuclear arms. The new sanctions were unveiled one day after plans for a summit between U.S. President Donald Trump and Russian President Vladimir Putin fell apart. Trump told reporters he cancelled the meeting because "it didn't feel right to me." The U.S. Treasury Department s...