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OIL REFINERY ATTACKS
Russia receives Indian gasoline cargo as fuel shortages biteAt least one 68,000-tonne cargo of gasoline from India has entered Russia’s domestic market as Moscow responds to fuel shortages caused by ...
Ukraine takes aim at Russia's economy and morale by attacking online retailerFor over a month, Ukrainian drones have been relentlessly striking warehouses belonging to Russian online retailer Wildberries. This offens...
Oil Price Today (August 17): Crude oil approaches $90 again amid no breakthrough in Iran war talks. What’s next?Over the weekend, Iranian Foreign Minister Abbas Araqchi said Iran had not decided to resume talks with the U.S. Meanwhile, U.S. President ...
Oil treads water as US-Iran peace talks stall, Hormuz shipping slowsOil prices maintained stability as tanker movements through Hormuz showed a decline. While Brent crude futures edged up, WTI futures posted...
US warns Iran it will step up economic pressure; two more ships attacked in HormuzShip traffic in the Strait of Hormuz slowed significantly after two vessels were attacked. The United States stated it can maintain a naval...
Ukraine's drones hit a major Russian refinery 800 miles from the border, sparking a fireUkrainian drones struck a major Russian oil refinery and a naval base. Russia retaliated with missile and drone attacks across Ukraine. The...
Saudi Red Sea oil exports go 'dark' as Houthi attack threat growsSaudi crude exports are vanishing from view as tankers switch off tracking signals. This Houthi threat is creating wide discrepancies in Sa...
Global oil supply shortfall to deepen as Hormuz reopening remains elusive, IEA saysGlobal oil supply will fall by 4.3 million barrels daily this year. Renewed Middle East hostilities are disrupting supplies and deepening t...
Russia’s petrol crunch sends Moscow shopping for Indian fuelRussia has imported petrol from India for the first time as Ukrainian attacks on its refineries deepen domestic fuel shortages. Kpler data ...
Oil Price Today (August 12): Crude oil reclaims $90 again after fresh attacks on ships. What are experts saying?Brent crude futures were up 72 cents, or 0.81%, at $89.63, while US West Texas Intermediate (WTI) crude gained 71 cents, or 0.85%, to $83.9...
Why the US-Iran war continues to disrupt oil marketsThe oil market is witnessing unprecedented volatility amid the intensifying US-Iran hostilities. Iran's surprising maneuver to shut down th...
Oil Price Today (August 11): Crude oil rises to $88 after Trump's compensation demand dents Hormuz opening. Here's whyBrent crude futures were flat at $88 a barrel or 0.35%, while US West Texas Intermediate crude futures stood at $83.50, up 0.40% a barrel. ...
Oil steadies near one-week highs as US-Iran peace deal hopes dimOil prices maintained their position on Tuesday as hopes for a US-Iran deal faded, hampered by President Trump's stringent demands that are...
Ukraine kills 13, including a child, injures 39 in drone strikes on Russian city of Nizhnekamsk: MayorA Ukrainian drone attack on Nizhnekamsk killed thirteen people and injured thirty-nine. The strike targeted industrial and civilian sites, ...
Oil climbs 5% as Iran, US both demand compensation and Hormuz hopes fadeOil prices rose significantly as Iran and the United States exchanged compensation demands. Prospects for reopening the Strait of Hormuz di...
Saudi Aramco delays Jazan oil refinery restart to August 30, IIR note showsSaudi Aramco has delayed the Jazan refinery restart by two weeks. The facility shut down on July twenty-seventh after a Houthi attack. Yeme...
Oil rises on uncertainty over reopening of HormuzOil prices surged on Monday amidst growing uncertainty about the reopening of the vital Strait of Hormuz. Iran indicated that negotiations ...
Fire extinguished at Aramco facility in Jazan, Saudi Arabia saysFirefighters extinguished a blaze at Saudi Aramco's Jazan refinery on Sunday. The facility had previously been shut down following a Houthi...
Russia's oil output rises in July on firm exports, refinery run recovery, sources sayRussia's crude and condensate output rose in July, exceeding nine million barrels daily. Strong oil exports and refinery recovery supported...
Russia's western oil exports to rise 4% in August on refinery disruptionsRussian oil shipments from western ports are set to increase by four percent in August. This rise is driven by domestic refinery attacks an...