Russia & Petroleum
67 shared events · Importance 21 · Last updated May 14, 2026
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International
Russia: Russia's oil tax revenue is projected to double to $9 billion in April due to the global energy crisis triggered by the US and Israeli attack on Iran, leading to a significant financial windfall.
Petroleum: The average price of Petroleum, used for Russia's taxation, jumped to $77 per barrel in March, significantly boosting Russia's oil tax revenue.
Apr 09, 2026 · 15 articles
International
Russia: Russia is the source of crude oil that India continues to import, leading to international pressure and trade disputes with the United States.
Petroleum: Petroleum imports from Russia by India are the central point of contention in the diplomatic dispute between India and the United States.
Oct 22, 2025 · 6 articles
International
Russia: Russia is mentioned as a major oil producer alongside Saudi Arabia, accused of dictating and manipulating OPEC+ decisions to advance its own interests, which contributed to the United Arab Emirates' dissatisfaction with the cartel.
Petroleum: The withdrawal of United Arab Emirates from OPEC could lead to increased supply of Petroleum in the medium term, potentially putting downward pressure on prices, though short-term effects are uncertain due to geopolitical tensions.
Apr 28, 2026 · 222 articles
International
Russia: Russia is a destination for Iranian diplomatic efforts, with Abbas Araghchi scheduled to meet with Russian officials, including potentially Vladimir Putin.
Petroleum: Petroleums have spiked more than 50% above pre-war levels due to the prolonged closure of the Strait of Hormuz.
Apr 26, 2026 · 17 articles
International
Russia: Russia's invasion of Ukraine in 2022 is referenced as a benchmark for the current high energy price levels, indicating a previous significant market disruption.
Petroleum: Petroleum prices are projected to surge due to the Middle East conflict and disruptions in the Strait of Hormuz, with forecasts of Brent oil reaching $86 to $125 per barrel, significantly impacting global inflation and economic growth.
Apr 28, 2026 · 23 articles
International
Russia: Russia is part of OPEC+, which had agreed to resume output increases, but the closure of the Strait of Hormuz has made it impossible to deliver on the deal.
Petroleum: The price of Petroleum has soared due to the closure of the Strait of Hormuz and reduced Middle East output, leading to revised demand forecasts.
May 13, 2026 · 6 articles
International
Russia: Russia's Foreign Minister Sergey Lavrov has confirmed participation in the BRICS meeting. Russia is a founding member of BRICS.
Petroleum: Global prices for Petroleum have surged due to disruptions in the Strait of Hormuz caused by Iran's actions.
May 12, 2026 · 6 articles
International
Russia: Russia, as an energy exporter, stands to benefit from higher oil prices caused by the conflict, leading the IMF to upgrade its economic forecast for the country.
Petroleum: Petroleum prices have surged above $100 per barrel due to the Iran war and the closure of the Strait of Hormuz, leading to higher costs across multiple sectors.
Apr 08, 2026 · 307 articles
International
Russia: Russia is involved in diplomatic efforts, with its top diplomat meeting Chinese President Xi Jinping and speaking to his Iranian counterpart, and has offered to hold Iran's enriched uranium.
Petroleum: The conflict and the closure of the Strait of Hormuz have significantly impacted global petroleum supplies and prices, leading to market volatility.
Apr 08, 2026 · 702 articles
International
Russia: Russia, as an ally of Iran, vetoed a prior International — United Nations Security Council resolution calling for the reopening of the Strait of Hormuz.
Petroleum: Petroleum prices fell due to hopes of a deal to reopen the Strait of Hormuz, directly impacting global energy markets.
May 04, 2026 · 139 articles
International
Russia: Russia's invasion of Ukraine in March 2022 is mentioned as a historical comparison for a significant weekly jump in gasoline prices.
Petroleum: The price of Petroleum, the main ingredient in gasoline, has climbed significantly due to the effective closure of the Strait of Hormuz and the resulting supply disruption.
May 05, 2026 · 20 articles
International
Russia: Russia is mentioned in the context of India's oil purchases, which previously led to punitive tariffs from the United States.
Petroleum: Petroleum is relevant as the US had removed punitive tariffs on Indian goods linked to India's purchase of Russian oil, which was part of the earlier trade framework.
Apr 19, 2026 · 28 articles
Domestic
Russia: Russia is mentioned in relation to Nayara Energy being a Russia-backed refiner.
Petroleum: Petroleum, a state-run fuel retailer, raised petrol and diesel prices to mitigate losses from high global crude oil prices, impacting its stock performance.
May 15, 2026 · 20 articles
International
Russia: Donald Trump has previously used two-week deadlines in negotiations to end Russia's war with Ukraine, a pattern of behavior noted in the current Iran ceasefire.
Petroleum: Petroleum prices plunged following the ceasefire agreement and the temporary reopening of the Strait of Hormuz, after weeks of price increases due to the Middle East war.
Apr 07, 2026 · 79 articles
International
Russia: Russia's support is needed for a UN Security Council resolution that could impose sanctions or military action if Iran does not ease its chokehold on the Strait of Hormuz.
Petroleum: US crude oil futures fell below $100 per barrel after the announcement of a pause in 'Project Freedom', reflecting market reaction to potential de-escalation in the Strait of Hormuz conflict.
May 06, 2026 · 31 articles
International
Russia: Russia is involved in ongoing conflict with Ukraine, an unrelated international geopolitical event.
Petroleum: Oil prices, specifically Brent crude, have soared due to the tensions and blockades in the Strait of Hormuz, directly affecting global energy markets and consumers.
Apr 19, 2026 · 29 articles
International
Russia: Russia's war in Ukraine is noted for its negative impact on the global economy, separate from the main event.
Petroleum: Petroleum has surged due to the closure of the Strait of Hormuz, reflecting the severe shock to global energy supplies. Its volatility is directly tied to developments in the conflict.
Apr 11, 2026 · 283 articles
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