Story · bluesky + meduza + websearch · 13 events
Russian Oil Prices Fall to Lowest Level Since Ukraine Invasion ...
Russian Oil Prices Fall to Lowest Level Since Ukraine Invasion ...
Dec. 9, 2025
TASS
Prices for Russian crude shipments from its Black Sea and Pacific ports have fallen to their lowest levels since the full-scale invasion of Ukraine in February 2022, Bloomberg
reported
Tuesday, citing data from Argus Media.
Urals crude, Russia’s main export grade, sold for an average of $38.28 per barrel in Novorossiysk during the week ending Dec. 7, down $2.80 from the previous week. In the Baltic ports, prices dropped $2.40 to $41.16 per barrel.
ESPO crude, which is exported from Pacific ports to China, fell $1.60 over the week to $52.36 per barrel.
The average discount on Urals relative to Brent crude reached $25.80 per barrel, approaching historical records. Bloomberg noted that the discount is more than twice what it was before the introduction of new U.S. sanctions on Rosneft and Lukoil.
Although refineries in India and China, which account for 90% of Russia’s oil exports, have started rejecting some Russian cargoes, shipments from ports continue.
Exports even rose in the first week of December from 3.94 million to 4.24 million barrels per day.
However, an additional 20 million barrels have …
[2/4] Data show that in the four weeks ending June 28, Russia’s average daily crude oil exports rose to 4.13 million barrels. This is the highest level since the outbreak of the Russia-Ukraine conflic...
[2/4] Data show that in the four weeks ending June 28, Russia’s average daily crude oil exports rose to 4.13 million barrels. This is the highest level since the outbreak of the Russia-Ukraine conflict in 2022; before the outbreak of the conflict, a large part of Russia's oil was
"Russian oil and gas revenues edged up 0.7% in June from May to 683.6 billion rubles ($8.77 billion) and climbed by over 38% year on year despite a sharp decline in global crude prices following the a...
"Russian oil and gas revenues edged up 0.7% in June from May to 683.6 billion rubles ($8.77 billion) and climbed by over 38% year on year despite a sharp decline in global crude prices following the agreed 60-day ceasefire between the US and Iran." www.energyintel.com/0000019f-27a...
Russia's petroleum export revenue rises $130 mln in Jan to $11.1 bln
Russia's petroleum export revenue rises $130 mln in Jan to $11.1 bln
Russia’s petroleum export revenue rises $130 mln in Jan to $11.1 bln – IEA
in
Oil & Companies News
17/02/2026
Russia’s oil and petroleum product export revenue was $11.1 billion in January 2026, up $130 million from December 2025 but down $4.6 billion from a year earlier, the International Energy Agency said in its monthly report.
Oil exports fell marginally compared with December, by 90,000 barrels per day to 7.5 million bpd, but were 150,000 bpd higher than a year previously. Shipments fell most at Black Sea ports.
Russian crude oil exports in January fell by 350,000 bpd to 4.67 million bpd, but were 120,000 bpd higher than a year earlier. Petroleum product exports rose 260,000 bpd compared to December, and were practically level with January 2025.
An increase in the number of ships departing for unknown destinations and increase in Russian oil inventory on water by 49 million barrels since November 2025 point to a decline in the number of those willing to purchase crude from Russia, the agency said.
Rising prices for both oil and petroleum products contributed to revenue growth in January. Urals Primorsk price…
IEA Believes Russia Reduced Oil Production in July to 9.23Mln Bpd
IEA Believes Russia Reduced Oil Production in July to 9.23Mln Bpd
The International Energy Agency (IEA) believes that Russia decreased its oil production by 10,000 barrels per day to 9.23 million barrels per day in July, the organization's fresh report said on Thursday.
"Russian crude oil supply crept down 10 kb/d to 9.23 mb/d in July – still 250 kb/d above its implied target," the report said.
The reserves of the commercial oil and oil products of the Organization for Economic Co-operation and Development (OECD) decreased by 21 million barrels in June to 2.827 billion barrels, the International Energy Agency said in its report.
"OECD industry stocks fell by 21 mb in June, largely in line with the five-year average overall but with large discrepancies within the product categories... Total commercial inventories stood at 2 827 mb, 70.8 mb below the five-year average, with a 14 mb surplus in other products," the report said.
The OPEC+ countries that participate in the oil deal have increased output by 260,000 barrels per day to 34.7 million barrels per day in July, but it still remained 930,000 barrels per day above quotas, the International Energy Agency said.
According to th…
Oil posts biggest weekly gain in three months as Trump pressures buyers ...
Oil posts biggest weekly gain in three months as Trump pressures buyers ...
Oil prices
settled more than 1 per cent higher on Friday and posted their biggest weekly gains since June as US President Donald Trump increased pressure on buyers of Russian oil and Ukraine carried out new attacks on Moscow's energy infrastructure.
Brent,
the benchmark for two thirds of the world's oil, rose 1.02 per cent to $70.13 a barrel, the first time it finished above $70 since late July. West Texas Intermediate, the gauge that tracks US crude, jumped 1.14 per cent to $65.72 per barrel.
From last week's close, Brent surged 6.19 per cent and WTI leapt 5.32 per cent. Year-to-date, the benchmarks are still down 6.04 per cent and 8.37 per cent, respectively.
Oil's "strongest weekly advance since June [came] as President Trump stepped up pressure on countries still buying Russian crude,” Soojin Kim, research analyst at MUFG Bank, said on Friday.
“Mr Trump urged Turkish President [Recep Tayyip] Erdogan to halt purchases and discussed energy security with Hungary and Slovakia, while reiterating calls for Nato members to cut ties with Russia’s fuel.”
During a meeting with the Turkish President at the White …
Russia’s seaborne oil exports hit a wartime record in June, but export revenue sank to a three-month low
Russia’s seaborne oil exports hit a wartime record in June, but export revenue sank to a three-month low
<p>In June, Russia’s seaborne crude oil exports reached their highest level since the start of the full-scale invasion of Ukraine, according to Bloomberg.<p>
Russia's shadow fleet and oil exports - GIS Reports
Russia's shadow fleet and oil exports - GIS Reports
Since 2022, sweeping Western sanctions have reshaped but not halted Russia’s global oil exports.
Jan. 6, 2026: The sanctioned Panamanian-flagged oil tanker
Eventin
off the coast of the German island of Rugen. The ship was carrying roughly 100,000 tons of Russian oil when it lost control and wrecked off the European coast a year earlier. It remains there, stuck.
© Getty Images
×
In a nutshell
Price caps target revenues while preserving global supply
The shadow fleet enables covert shipping, insurance and financing
Parallel trade networks may outlast war and sanctions
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Since Russia’s full-scale invasion of Ukraine in February 2022, the country has become one of the most heavily sanctioned in modern history. Unprecedented and coordinated measures from the United States, European Union, United Kingdom, Japan, Canada, Australia and other allied countries have targeted nearly every major sector of the Russian economy. Energy exports face price caps and restrictions on shipping and insurance, major banks are cut off from the international financial system, imports of advan…
ECORD EXPORTS: RUSSIA FLOODS THE OCEANS WITH CRUDE OIL DESPITE UKRAINIAN STRIKES
Despite drone attacks on its refineries, Moscow has pushed its maritime crude exports to historic highs, reaching up t...
ECORD EXPORTS: RUSSIA FLOODS THE OCEANS WITH CRUDE OIL DESPITE UKRAINIAN STRIKES
Despite drone attacks on its refineries, Moscow has pushed its maritime crude exports to historic highs, reaching up to 4.63 million barrels per day according to Bloomberg.
Russian Oil Jumped From $40 To $100 In Twelve Days. The ... - Forbes
Russian Oil Jumped From $40 To $100 In Twelve Days. The ... - Forbes
Business
Energy
Russian Oil Jumped From $40 To $100 In Twelve Days. The Sanctions Fallout Is Just Starting
By
Güney Yıldız
,
Contributor.
Forbes contributors publish independent expert analyses and insights.
I focus on the nexus of AI adoption, energy, and geopolitics.
Follow Author
Mar 12, 2026, 05:14am EDT
Mar 12, 2026, 09:15am EDT
Russian Urals crude closed at $100.67 on Monday. Brent closed at $99. For the first time in history, sanctioned Russian oil trades at a premium to the global benchmark. Two weeks ago it was at $40. The sanctions architecture just inverted.(Gavriil Grigorov/Sputnik, Kremlin Pool Photo via AP, File)
Sputnik
On February 27, the day before U.S. and Israeli strikes hit Iran, Russia’s Urals crude blend traded at roughly
$40 per barrel
. By March 10, Indian-bound cargoes were
selling at around $90
. On Monday, Urals
closed at $100.67
— while Brent, the global benchmark, settled at $99. Sanctioned Russian oil had never traded above the world’s reference price. The entire enforcement architecture built since 2022 just inverted in twelve days.
On Thursday,
Brent surged back above $101
in Asian…
Russia's Oil Revenues Surge $6.3 Billion as High Prices Offset ...
Russia's Oil Revenues Surge $6.3 Billion as High Prices Offset ...
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Russia’s oil export revenues have continued to rise despite lower production thanks to high oil prices. According to theInternational Energy Agency (IEA)monthly market report for May, Russia’soil export revenuesclocked in at $19.18 billion in April, good for a modest $180 million increase from March but a massive jump of $6.28 billion compared to April 2025. The increase in oil revenues came despite total output falling by 460,000 bpd to 8.8 million bpd, while total exports declined by 90,000 bpd to an average of 7.03 million bpd.
The ongoing Iran war and t…
[2/4] Data show that in the four weeks ending June 28, Russia’s average daily crude oil exports rose to 4.13 million barrels. This is the highest level since the outbreak of the Russia-Ukraine conflic...
[2/4] Data show that in the four weeks ending June 28, Russia’s average daily crude oil exports rose to 4.13 million barrels. This is the highest level since the outbreak of the Russia-Ukraine conflict in 2022; before the outbreak of the conflict, a large part of Russia's oil was
[2/4] Data show that in the four weeks ending June 28, Russia’s average daily crude oil exports rose to 4.13 million barrels. This is the highest level since the outbreak of the Russia-Ukraine conflic...
[2/4] Data show that in the four weeks ending June 28, Russia’s average daily crude oil exports rose to 4.13 million barrels. This is the highest level since the outbreak of the Russia-Ukraine conflict in 2022; before the outbreak of the conflict, a large part of Russia's oil was
Corroboration
No verdict, no pronouncement. The model extracts atomic factual claims with verbatim quotes; every quote is validated against the source text and corroboration is computed by counting how many editorially-opposed blocs assert each fact.
The spine · 0 facts corroborated across ≥2 opposed blocs
No fact in this cluster crossed two opposed editorial blocs. The facts below are reported, but not (yet) independently corroborated across the divide.
Single-source · 16 — reported by one bloc only (uncorroborated)
Russian oil and gas revenues increased by 0.7 % in June compared with May, reaching 683.6 billion rubles ($8.77 billion).
bluesky
Russian oil and gas revenues climbed by over 38 % year on year.
bluesky
Global crude prices experienced a sharp decline after the agreed 60‑day ceasefire between the United States and Iran.
bluesky
An agreed 60‑day ceasefire between the United States and Iran was in effect.
bluesky
Russia’s seaborne oil exports reached their highest level since the start of the full‑scale invasion of Ukraine in June.
meduza
Export revenue from Russia’s seaborne oil exports sank to a three‑month low.
meduza
Prices for Russian crude shipments from Black Sea and Pacific ports fell to their lowest levels since the full‑scale invasion of Ukraine in February 2022.
themoscowtimes.com
Urals crude sold for an average of $38.28 per barrel in Novorossiysk during the week ending Dec. 7.
themoscowtimes.com
The Urals price was $2.80 lower than the previous week.
themoscowtimes.com
In Baltic ports, crude prices dropped $2.40 to $41.16 per barrel.
themoscowtimes.com
ESPO crude fell $1.60 over the week to $52.36 per barrel.
themoscowtimes.com
The average discount on Urals relative to Brent crude reached $25.80 per barrel.
themoscowtimes.com
The discount on Urals relative to Brent is more than twice what it was before the introduction of new U.S. sanctions on Rosneft and Lukoil.
themoscowtimes.com
Refineries in India and China, which account for 90 % of Russia’s oil exports, have started rejecting some Russian cargoes.
themoscowtimes.com
Shipments from Russian ports continue.
themoscowtimes.com
Russian oil exports rose in the first week of December.
themoscowtimes.com
Framing · 2 — loaded language surfaced (spin shown, not adopted)
bluesky
“sharp decline in global crude prices”
→ sharp decline
meduza
“wartime record”
→ wartime record