Russian oil giant Lukoil has declared force majeure at the 400,000-barrels-per-day West Qurna-2 oilfield in Iraq after the U.S. sanctions on Russia’s top oil firms, sources familiar with the matter told Reuters on Monday.  Following the October 22 U.S. sanctions on Lukoil and Rosneft, Iraq has stopped all cash and crude payments to Lukoil, according to Reuters’ sources.  Last week, reports emerged that Iraq’s state oil marketing company SOMO had canceled three crude loadings from Lukoil this month after the U.S. sanctioned…

Kyiv and many Ukrainian regions faced extensive power cuts and outages as crews struggled to repair infrastructure battered by Russian air attacks. Power was reduced in most regions for eight to 16 hours on November 9, state energy provider Ukrenergo said, adding that consumption restrictions were scheduled for November 10 as well. "The reason for the introduction of restrictions is the consequences of massive Russian missile and drone attacks on energy facilities," the company said. "It is difficult to recall such a [large] number of direct strikes…