January 2026
The U.S. Sanctions Two Russian Oil Giants and Urges Moscow to Cease Fire Immediately
The U.S. has imposed new sanctions on Russia, specifically targeting major oil companies Rosneft and Lukoil, due to Russia's failure to commit to ending the…
Global Oil Prices Rise by 5% Following Sanctions on Russian Oil Companies
Global oil prices have risen by 5% due to U.S. sanctions on Russian oil companies Lukoil and Rosneft, following Russia's invasion of Ukraine. This increase…
Iraq is Considering a Six-Month Exemption Request from U.S. Sanctions
Iraq is evaluating a six-month exemption request from U.S. sanctions to allow Lukoil more time to divest its interest in the West Qurna-2 oil field.…
USA: Oil Sanctions Have Reduced Russia's Ability to Fund War Against Ukraine
The U.S. Treasury has stated that sanctions on major Russian oil companies are impacting Russia's oil revenues, which may hinder its war efforts in Ukraine.…
Ukraine: We Targeted a Russian Oil Platform and a Military Ship in the Caspian Sea
Ukraine has conducted a drone strike against a Russian oil platform and a military ship in the Caspian Sea, signaling an increase in attacks on…