Big Oil CEOs Warn Trump’s Russia Sanctions Will Hit Supplies

Bloomberg.com · last updated November 3, 2025 – 2:26 AM

Oil supply will be hit after US President Donald Trump’s sanctions on Russia’s two biggest producers.

The curbs on Rosneft PJSC and Lukoil PJSC, which account for about 60% of Russia’s supply, will have an impact as cargoes are delayed and things slow down, TotalEnergies SE CEO Patrick Pouyanne said at the Adipec conference in Abu Dhabi. The restrictions are serious and dampening supply, BP Plc’s head Murray Auchincloss said.

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