FSUOGM - Former Soviet Union Oil & Gas

Profit of Russian oil major Lukoil down 26.5% in 2024

Russia’s second-largest oil company, independent Lukoil, posted a 26.5% decline in 2024 full-year net profit to RUB848.5bn ($10bn), the company reported.

Trafigura local boss in Mongolia loaned $500mn of company money to firm owned by aunt, report says

Russian insurer Ingosstrakh sues Financial Times

Sanctioned state Russian insurer Ingosstrakh started a libel suit in the UK against the Financial Times over claims that it insures “shadow fleet” of Russian oil tankers

OPEC+ announces new cuts to balance out higher output

OPEC+ has unveiled a fresh strategy to enforce additional production cuts, aimed at counterbalancing an uptick in output among its member nations.