EMEA News
US Again Extends Deadline for Lukoil Foreign Asset Sale to May 1
The US has pushed back the deadline for the sale of Russian energy company Lukoil's overseas assets to May 1, 2026.
The extension, issued by the Office of Foreign Assets Control (OFAC) under its latest general license, allows negotiations and the signing of contingent agreements to continue for an additional month, it said in an announcement on its website on Monday.
It also permits related maintenance and wind-down activities to proceed over the same period.
Any deal reached during this period must remain subject to separate OFAC approval, meaning a final transaction cannot be completed without US authorisation.
The move replaces the previous authorisation and keeps the divestment process active, giving interested parties more time to advance discussions under sanctions constraints.
Earlier this year, Lukoil said it had agreed to sell its international assets to US investment company Carlyle.
Lukoil's international assets of interest to the bunker industry include Lukoil Bulgaria, a key supplier of marine fuel in the Black Sea.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 873.50 | 5.50 | 1811.50 | 61.50 |
| Rotterdam | 716.50 | 29.50 | 1331.50 | 32.00 |
| Houston | 903.50 | 5.50 | 1294.50 | 45.50 |
| Fujairah | 841.50 | 28.00 | 1705.00 | 30.50 |
| EMEA Average | 970.00 | 25.50 | 1558.00 | 26.50 |
| Global 20 Ports Average | 957.50 | 7.50 | 1692.00 | 2.00 |
| Global 4 Ports Average | 833.50 | 11.50 | 1535.50 | 23.00 |
| Global Average Bunker Price | 1011.50 | 4.00 | 1677.00 | 28.00 |
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