https://www.scmp.com/rss/524369/feed The latest news and top stories on Lukoil. A Moscow-based multinational energy corporation, Lukoil specialises in the extraction production transport and sale of petroleum natural gas and petroleum products. It is one of the world’s largest vertically integrated oil and gas companies, operating globally. Lukoil faces US and UK sanctions for its role in funding Russia’s military efforts. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Bloomberg Bloomberg India’s imports of Russian oil could almost halve from already weaker recent levels, according to people with direct knowledge of the purchases, after US President Donald Trump issued an order detailing some terms of a trade deal between the two nations. All state-owned and private refiners, with the exception of Nayara Energy Ltd, had paused buying any spot cargoes since Trump first mentioned the deal in a social media post about a week ago, according to the people, who asked not to be named... https://www.scmp.com/news/asia/south-asia/article/3342959/indias-oil-imports-russia-snared-trump-order-tariff-threat?utm_source=rss_feed https://www.scmp.com/news/asia/south-asia/article/3342959/indias-oil-imports-russia-snared-trump-order-tariff-threat?utm_source=rss_feed Mon, 09 Feb 2026 13:16:02 +0000 Agence France-Presse Agence France-Presse Hungarian Prime Minister Viktor Orban announced on Saturday that he was sending a business delegation to Russia in the coming days in preparation for the end of the Ukraine war. Orban addressed Budapest’s foreign relations with Moscow and also Washington at an exclusive rally in the central city of Kecskemet, ahead of legislative elections in the spring. The delegation’s mission would focus on economic cooperation, particularly in a post-war landscape that could see Russia not cut out from the... https://www.scmp.com/news/world/russia-central-asia/article/3335484/hungarys-orban-send-team-russia-expecting-end-ukraine-war?utm_source=rss_feed https://www.scmp.com/news/world/russia-central-asia/article/3335484/hungarys-orban-send-team-russia-expecting-end-ukraine-war?utm_source=rss_feed Sat, 06 Dec 2025 21:40:52 +0000 Reuters Reuters Kazakhstan told Ukraine on Sunday to stop attacking the Black Sea terminal of the Caspian Pipeline Consortium (CPC), which handles more than 1 per cent of global oil, after a major drone attack halted exports and seriously damaged loading infrastructure. The CPC, which includes Russian, Kazakh and US shareholders, said it had halted operations after a mooring at its Russian terminal on the Black Sea was significantly damaged by a Ukrainian naval drone attack. Ukraine this year mounted wave after... https://www.scmp.com/news/world/russia-central-asia/article/3334670/kazakhstan-tells-ukraine-stop-black-sea-oil-terminal-attacks?utm_source=rss_feed https://www.scmp.com/news/world/russia-central-asia/article/3334670/kazakhstan-tells-ukraine-stop-black-sea-oil-terminal-attacks?utm_source=rss_feed Sun, 30 Nov 2025 09:32:48 +0000 Reuters Reuters Opec is set to agree on Sunday on another modest increase in oil output targets, three sources familiar with the talks said, as the producers’ group moderates plans to regain market share due to rising supply glut fears. Opec has raised output targets by more than 2.7 million barrels per day (bpd) – about 2.5 per cent of global supply – since April but slowed the pace in October and November from larger increases amid predictions of a looming oversupply. New Western sanctions on Opec member... https://www.scmp.com/news/world/russia-central-asia/article/3331245/opec-agrees-output-increase-moderates-plans-due-glut-fears?utm_source=rss_feed https://www.scmp.com/news/world/russia-central-asia/article/3331245/opec-agrees-output-increase-moderates-plans-due-glut-fears?utm_source=rss_feed Sun, 02 Nov 2025 13:31:54 +0000 Biman Mukherji Biman Mukherji India is expected to stop buying discounted Russian oil after the imposition of fresh US sanctions on two top producers, Rosneft and Lukoil, and instead increase its purchases of other goods from long-time ally Moscow. Many Indian refiners have paused new orders of Russian oil since Washington sanctioned the two Russian crude exporters last week, with buyers turning to the spot market for alternatives, according to a Reuters report. India, along with China, has been among the top buyers of... https://www.scmp.com/week-asia/economics/article/3330878/india-pressured-stop-russian-oil-imports-after-us-sanctions-2-more-producers?utm_source=rss_feed https://www.scmp.com/week-asia/economics/article/3330878/india-pressured-stop-russian-oil-imports-after-us-sanctions-2-more-producers?utm_source=rss_feed Thu, 30 Oct 2025 08:00:12 +0000 Nikola Mikovic Nikola Mikovic Using Richard Nixon’s “madman theory” of international relations, it appears that US President Donald Trump aims to pressure Russia and China into making significant concessions. His decision to impose sanctions on Russia’s oil giants, Rosneft and Lukoil, could not only impact the Russian economy but also the Kremlin’s energy cooperation with Beijing. Before Russia’s invasion of Ukraine in 2022, Europe imported substantial amounts of Russian crude. While China has been the top individual... https://www.scmp.com/opinion/world-opinion/article/3330705/how-china-could-make-or-break-us-sanctions-russian-oil?utm_source=rss_feed https://www.scmp.com/opinion/world-opinion/article/3330705/how-china-could-make-or-break-us-sanctions-russian-oil?utm_source=rss_feed Wed, 29 Oct 2025 08:30:08 +0000 Iman Muttaqin Yusof Iman Muttaqin Yusof Russia is looking to Southeast Asia for an economic boost after fresh sanctions from the United States hit its energy sector, with a senior minister saying Moscow sees “mutually beneficial” opportunities with Asean in nuclear technology, logistics and trade. Speaking on the sidelines of the Association of Southeast Asian Nations and East Asia summits in Kuala Lumpur on Monday, Deputy Prime Minister Alexey Overchuk said Russia was deepening cooperation with countries such as Malaysia amid what he... https://www.scmp.com/week-asia/economics/article/3330522/russia-eyes-southeast-asian-markets-economic-boost-oil-sanctions-bite?utm_source=rss_feed https://www.scmp.com/week-asia/economics/article/3330522/russia-eyes-southeast-asian-markets-economic-boost-oil-sanctions-bite?utm_source=rss_feed Tue, 28 Oct 2025 01:30:13 +0000 Reuters Reuters Indian refiners are poised to sharply curtail imports of Russian oil to comply with new US sanctions on two top Russian producers, industry sources have said, potentially removing a major hurdle to a trade deal with the United States. The change comes as India faces punishing 50 per cent tariffs on its exports to the US – with half of those duties in retaliation for Russian oil purchases – and negotiates a potential trade deal that could bring those tariffs in line with Asian peers in exchange... https://www.scmp.com/news/asia/south-asia/article/3330108/india-may-sharply-cut-russian-oil-imports-after-us-sanctions-sources?utm_source=rss_feed https://www.scmp.com/news/asia/south-asia/article/3330108/india-may-sharply-cut-russian-oil-imports-after-us-sanctions-sources?utm_source=rss_feed Thu, 23 Oct 2025 13:25:56 +0000 Agence France-Presse Agence France-Presse US President Donald Trump slapped sanctions on Russia’s two largest oil companies on Wednesday, complaining that his talks with Vladimir Putin to end the Ukraine war “don’t go anywhere”. The European Union also unveiled a fresh wave of sanctions to pressure Russia to end its relentless, 3½-year invasion of its neighbour, which is allied with both Washington and Brussels. Trump had held off pulling the trigger on sanctions against Russia for months, but his patience snapped after plans for a... https://www.scmp.com/news/world/russia-central-asia/article/3329994/ukraine-war-us-vows-new-russia-sanctions-saying-putin-not-honest-trump-disappointed?utm_source=rss_feed https://www.scmp.com/news/world/russia-central-asia/article/3329994/ukraine-war-us-vows-new-russia-sanctions-saying-putin-not-honest-trump-disappointed?utm_source=rss_feed Wed, 22 Oct 2025 21:12:18 +0000