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☆ Oil prices extend upward momentum on expectations of tighter supply
▼ + stars: | 2024-03-26 | by ( ) www.cnbc.com time to read: +2 min

Oil prices were on track to gain for a second straight day on Tuesday after settling up more than a dollar on expectations of tighter supply driven by Russian production cuts and attacks on Russian refineries. Crude oil gained on supply side issues and continued Middle East tensions, according to a note from ANZ analysts. Russia told its oil companies to reduce output to meet an Organization of Petroleum Exporting Countries, or OPEC, target of 9 million barrels per day (bpd). At the same time, Ukrainian attacks on Russian oil refineries have continued. Russia's Kuibyshev refinery had to shut half of its capacity after a fire broke out there on Saturday morning.

Persons: Kuibyshev, Walt Chancellor, Benjamin Netanyahu, Israel's Organizations: ANZ, Petroleum, Macquarie, United Nations Security, Hamas Locations: Brent, Russia, Israel, Red, Gaza, Rafah, U.S

☆ Oil prices rise as Ukraine strikes Russian refineries
▼ + stars: | 2024-03-25 | by ( Spencer Kimball | ) www.cnbc.com time to read: 1 min

Smoke billows after Ukraine's SBU drone strikes a refinery, amid Russia's attack on Ukraine, in Ryazan, Ryazan Region, Russia, in this screen grab from a video obtained by Reuters, March 13, 2024. Crude oil futures rose Monday as Ukraine drone strikes disrupt Russian oil refining capacity. The West Texas Intermediate contract for April gained 38 cents, or 0.47%, to $81.01 a barrel. A Ukrainian drone strike caused a fire at the Kuibyshev oil refinery in the city of Samara over the weekend. Industry sources told Reuters that one of the major refining units at the facility was knocked out after the attack.

Persons: Brent Organizations: Reuters, West Texas Intermediate Locations: Ukraine, Ryazan, Ryazan Region, Russia, Ukrainian, Samara

☆ Ukraine targets more Russian oil refineries a day after reports said the US had warned them not to
▼ + stars: | 2024-03-23 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +4 min

Read previewUkraine attacked Russia's oil infrastructure after US officials advised them against targeting Russian oil refineries, Bloomberg reports. Russia's oil infrastructure took another hit as drones targeted refineries in the Samara region. The targeted refineries, both part of Rosneft PJSC's Samara region group, play a crucial role in Russia's oil production landscape. The strikes have targeted refineries, storage depots, and other key sites, exacerbating economic pain and raising fears of further escalation. Indeed, the refineries targeted in the Samara oblast last night are over 800 miles from Kyiv.

Persons: —, Dmitry Azarov, … Organizations: Service, Bloomberg, Business, US, Financial Times Locations: Ukraine, Samara, Russia, Rosneft, Russian

☆ Russia says it shot down Ukrainian missile over southern city with 14 injured
▼ + stars: | 2023-07-28 | by ( Uliana Pavlova | ) edition.cnn.com time to read: +2 min

CNN —Russia said it shot down a Ukrainian missile over the southern Russian city of Taganrog and that fragments from the blast injured several civilians. Vasily Golubev also said on Friday in a Telegram post that there was a rocket explosion in the middle of the city. The Russian Ministry of Health later said 14 people had been injured. Russian air defense systems intercepted the missile, fragments of which fell on the city and damaged buildings, the defense ministry said. There were no victims or severe damage reported at the site, Khinshtein said.

Persons: It’s, Ukraine —, Vasily Golubev, ”, Maria Zakharova, “, ” Zakharova, Alexander Khinshtein, Khinshtein Organizations: CNN, Russian Ministry of Defense, Regional Gov, Russian Ministry of Health, Russian Foreign Ministry, Foreign Ministry, Duma Locations: Russia, Ukrainian, Russian, Taganrog, Ukraine, Rostov Region, Rostov, Moscow, Kiev, Samara

REUTERS/StringerLONDON, June 24 (Reuters) - Following are facts about oil, gas and grains flows in Russia's southern region of Rostov, where the capital Rostov-on-Don was seized by Russian mercenaries. Russia's main grain exporting terminals on the Black Sea are further south, and this area has been unaffected by the developments so far. OIL & GASThe region of Rostov is not a major energy producer but several big oil and gas pipelines cross its territory. Russia is the world's second largest oil exporter after Saudi Arabia. Russia's pipeline monopoly Transneft controls many pump stations on the route, including in the Rostov region.

Persons: Wagner, Stringer LONDON, Don, Vladimir Putin, Yevgeny Prigozhin, Andrey Sizov, Sizov, Dmitry Zhdannikov, Ros Russell Organizations: Southern Military District, REUTERS, Wagner, Reuters, U.S . Department of Agriculture, Thomson Locations: Rostov, Don, Russia, Russia's, Russian, Azov, Saudi Arabia, Novorossiisk, Krasnodar, Voronezh

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