The Saratov refinery has halted operations after Ukrainian drone strikes damaged its primary processing unit, worsening fuel shortages in Russia amid ongoing refinery attacks.
The US has launched new military strikes against Iranian targets to limit Tehran's interference with shipping in the Strait of Hormuz, escalating tensions after tanker attacks.
The US extends NIS's operational license amid delays in MOL’s acquisition of Gazprom’s 56% stake, allowing Serbia’s key oil refinery to continue functioning under sanctions.
Germany's Economy Minister urges Turkey to exclude Russian gas from future EU energy deals, highlighting geopolitical and business strategy shifts amid ongoing conflicts.
Pakistan announces the immediate reopening of the Strait of Hormuz after US and Iran sign a memorandum to end hostilities and lift port blockades.
G7 leaders commit to new sanctions on Russian energy and expand military aid to Ukraine, aiming to intensify economic pressure and support Ukraine's defense capabilities.
US Treasury extends deadline for MOL to complete negotiations for acquiring Gazprom’s stake in Serbian oil refiner NIS, amid sanctions and regional energy shifts.
Russia warns Armenia that its growing ties with the EU may lead to suspension of duty-free gas and petroleum imports, threatening critical energy cooperation agreements.
Lukoil's Nizhny Novgorod refinery cut over half its processing capacity after Ukrainian drone attacks, affecting about 25% of Russia’s oil refining output.
France and Poland are jointly developing a military satellite to secure Poland's defense communications and reduce reliance on foreign satellite systems by 2030.
Slovakia will block the EU's 20th sanctions package against Russia until oil flow resumes via the Druzhba pipeline through Ukraine, citing energy security concerns.