Russian Oil & Gas: April 2025 Snapshot

EU Spent €2.3 Billion on Russian Fossil Fuels in May, Ranking as Fourth Largest Buyer

The European Union was the fourth largest buyer of Russian fossil fuels in May 2026, spending €2.3 billion ($2.62 billion), which accounted

Europe's energy dependence on Russia persists despite post-invasion diversification efforts

Russia's 2022 invasion of Ukraine exposed Europe's structural dependence on fossil fuel imports. While the EU has successfully secured alter

Japan's April oil imports fall nearly 66% y/y as Iran war disrupts supply

Japan's April oil imports fall nearly 66% y/y as Iran war disrupts supply

Ukrainian Drone Strikes Drive Russian Oil Processing to 16-Year Low, Prompting Jet Fuel Export Ban

Ukrainian drone strikes on Russian energy infrastructure hit a record high in May, causing Russian crude processing to fall to a 16-year low

Russia permits lower-grade Euro-3 gasoline production amid fuel shortage from Ukrainian drone strikes

Russia has authorized its oil refineries to produce lower-quality Euro-3 gasoline through the end of 2024, as Ukrainian drone attacks on Rus