Ukraine struck an oil tanker belonging to Russia’s so-called shadow fleet in the Black Sea on Wednesday, according to an official in the Security Service of Ukraine (SBU).

At least three oil tankers have been hit by explosions in what appears to be a stepped up unilateral effort by Ukraine to sink Russia's sanctions-dodging oil sales.

Russian state oil and gas revenue is likely to almost halve in December compared with a year ago to 410 billion roubles ($5.17 billion) as a result of lower crude prices and a stronger rouble, Reuters calculations showed on Friday.

Ukraine's security services executed a long-range drone strike on Lukoil's Vladimir Filanovsky offshore oil field in the Caspian Sea, marking an unprecedented escalation against Russian energy infrastructure and raising new geopolitical risks for global energy logistics.

Russia's oil and gas revenues are projected to plunge by nearly 50% in December to a five-year low of $5.15 billion, driven by falling international oil prices, a stronger ruble, and widening discounts on Urals crude following U.

Meanwhile, Ukraine continues to strike Russia’s oil refineries and export ports, while Moscow keeps up its bombardment of Ukraine’s gas and power infrastructure. The attacks show no sign of easing while a breakthrough in the US-led peace plan remains elusive.

U.S. President Donald Trump's plan for peace in Ukraine includes proposals to restore Russian energy flows to Europe, major U.S. investment in Russian rare earths and energy, and tapping frozen Russian sovereign assets,

The United States itself still buys nuclear fuel from us for its own nuclear power plants. That is also fuel,” Russian President Vladimir Putin said during his first visit to India in four years.

Despite Russia's previous support for Assad, Russian influence in Syria not only endures thanks to energy ties but has expanded and formalized.

Russian oil refining, gas and coal production will remain broadly unchanged in 2025 compared to 2024 levels, the energy ministry said on Thursday, despite repeated waves of Ukrainian drone attacks on energy facilities.