US EditionOil Steady as Market Weighs Supply Risk From Attacks on Russian Refineries
Ukrainian drone strikes on Russia's key oil export terminal and refinery have increased crude prices by over 1%, impacting up to 1.36 million barrels daily, sources said.
- Ukrainian drone attacks targeted Russian oil infrastructure, including the Primorsk terminal and Kirishinefteorgsintez refinery, last week.
- These attacks followed ongoing efforts, supported by U.S. sanctions pressure, to reduce Russia's energy export revenues amid the conflict with Ukraine.
- Primorsk is Russia's largest oil export hub with a capacity of about 1 million barrels per day, while Kirishinefteorgsintez processes roughly 355,000 barrels daily.
- Oil prices extended gains with Brent crude trading above $67 per barrel and U.S. WTI over $63, as JPMorgan analysts noted these attacks could push prices higher.
- Recent developments indicate an increasing readiness to interfere with global oil supply channels, which could lead to higher price risks despite OPEC+ intentions to boost production and ongoing oversupply worries.
14 Articles
14 Articles
Oil steady as market weighs supply risk from attacks on Russian refineries
By Anjana Anil (Reuters) -Oil prices held steady in early trade on Tuesday after rising in the previous session, as market participants contemplated potential supply disruption from Russia after Ukrainian drone attacks on its refineries. Brent crude futures edged up 4 cents to $67.48 a barrel by 0000 GMT while U.S. West Texas Intermediate crude was at $63.32, up 2 cents. On Monday, Brent settled up 45 cents at $67.44 while WTI settled 61 cents h…
Oil prices are rising Monday after Ukraine again attacked Russian energy terminals. This threatens to reduce the supply of fuel to the market, and pump prices will rise at this rate.
Oil prices rises as Ukraine strikes Russian refineries
Oil prices extended gains on Monday as investors assessed the impact of Ukrainian drone attacks on Russian refineries that could disrupt its crude and fuel exports, while also eyeing US fuel-demand growth. Brent crude futures rose 47 cents, or 0.7%, to $67.46 a barrel by 0622 GMT, while U.S. West Texas Intermediate (WTI) crude was at $63.17 a barrel, up 48 cents, or 0.8%. Read: OPEC+ output hike pushes up crude prices amid Russian supply risks B…
Oil Prices Begin the Week With a Gain on Russian Infrastructure Attacks
Crude oil prices began the week with a rise, building on gains made last week, as Ukrainian drone attacks on Russian energy infrastructure continued, notably on a major oil export terminal in Primorsk, Russia’s second-largest Baltic port and largest oil export hub on the Baltic. At the time of writing, Brent crude was trading at $67.29 per barrel, with West Texas Intermediate at $63.06 per barrel, both up from opening. The Ukrainian forces attac…
Coverage Details
Bias Distribution
- 57% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
