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Oil prices pare gains on U.S. inflation concerns
  + stars: | 2024-04-29 | by ( ) www.cnbc.com   time to read: +1 min
Oil prices fell in early Asian trading on Monday, reversing gains from Friday as U.S. inflation data further dimmed the prospects of interest rate cuts anytime soon and boosted the dollar, which hurts oil demand. "The sticky U.S. inflation sparks concerns for 'higher-for-longer' interest rates", leading to a stronger U.S. dollar and putting pressure on commodity prices, independent market analyst Tina Teng said. Lower inflation would have increased the likelihood of interest rate cuts, which would stimulate economic growth and oil demand. But oil prices could swing higher again if U.S. inventory data and China's PMI index show improvements this week, Teng said. Brent had settled up 49 cents and WTI up 28 cents on Friday on concerns about disruptions to supply from events in the Middle East.
Persons: Tina Teng, Teng, Brent Organizations: Brent, West Texas, U.S . Federal, PMI Locations: Grandfalls , Texas, Russia's Krasnodar
Slavyansk oil refinery in Russia's Krasnodar region was damaged in a Ukraine drone attack, local authorities said on Saturday. "The tank farm was not damaged due to the organized protection system. The fire was eliminated by joint efforts of responsible services," Siniagovskyi said. A fire broke out in small area at the refinery, local emergency services said, and was later extinguished. Russia's Defence Ministry said on Saturday its air defense units had intercepted and destroyed 66 Ukrainian drones over the territory of the Krasnodar region, and two more over the Crimean peninsula.
Persons: Siniagovskyi Organizations: Russia's Defence Locations: Russia's Krasnodar, Ukraine, Krasnodar, Crimean
Oct 29 (Reuters) - A fire that broke out in early hours of Sunday at the Afipsky oil refinery in Russia's Krasnodar region was promptly extinguished, the region's emergency security authorities said after social media reports of powerful blasts shaking the refinery. Earlier, Russia's defence ministry, without providing much detail, said that its air defence systems destroyed 36 Ukraine-launched drones over the Black Sea and the northwestern part of the Crimean Peninsula. The Afipsky plant, which was last attacked in May, can process around 6 million tonnes (44 million barrels) of oil each year. The port of Novorossiisk, together with the Caspian Pipeline Consortium (CPC) terminal, bring about 1.5% of global oil to market. Reporting by Lidia Kelly in Melbourne; Editing by William Mallard and Raju GopalakrishnanOur Standards: The Thomson Reuters Trust Principles.
Persons: Lidia Kelly, William Mallard, Raju Gopalakrishnan Organizations: Reuters, Caspian Pipeline Consortium, Thomson Locations: Russia's Krasnodar, Krasnodar, Novorossiisk, Ukraine, Crimean, Kyiv, Crimea, Moscow, Russia, Melbourne
(Reuters) - A fire that broke out in early hours of Sunday at the Afipsky oil refinery in Russia's Krasnodar region was promptly extinguished, the region's emergency security authorities said after social media reports of powerful blasts shaking the refinery. Baza and Shot, two Russian news outlets with good security sources, said that the fire at the refinery, which lies 50 miles (80 km) east of the Black Sea port of Novorossiisk, one of Russia's most important oil export gateways, was caused by a drone attack. Earlier, Russia's defence ministry, without providing much detail, said that its air defence systems destroyed 36 Ukraine-launched drones over the Black Sea and the northwestern part of the Crimean Peninsula. The Afipsky plant, which was last attacked in May, can process around 6 million tonnes (44 million barrels) of oil each year. The port of Novorossiisk, together with the Caspian Pipeline Consortium (CPC) terminal, bring about 1.5% of global oil to market.
Persons: Lidia Kelly, William Mallard, Raju Gopalakrishnan Organizations: Reuters, Caspian Pipeline Consortium Locations: Russia's Krasnodar, Krasnodar, Novorossiisk, Ukraine, Crimean, Kyiv, Crimea, Moscow, Russia, Melbourne
The US looks set to send Ukraine the Army Tactical Missile System, which Kyiv has long sought. ATACMS has longer range than Ukraine's other missiles, allowing it to hit valuable Russian targets. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . It took heavy losses when Ukraine introduced HIMARS and began hitting more distant targets, but it adapted to that and has shown signs of adapting to the cruise missiles Ukraine has started using. "That depends on the ability to find and fix targets at that range," Kofman said.
Persons: ATACMS, , Joe Biden, Volodymyr Zelenskyy, Doug Bush, Biden, MIKE NELSON, Michael Kofman, Kofman, VITALY TIMKIV, There's, Colby Badhwar, Badhwar, Maxym, HIMARS Organizations: Army Tactical Missile, Service, MGM, Tactical Missile, Washington, Washington DC, US, Bloomberg, Getty, GPS, Carnegie Endowment, International, Kyiv, British Ministry of Defence, Berdyansk, Maxar Locations: Ukraine, Kyiv, Tirana, Albania, AFP, Crimea, Russian, Russia's Krasnodar, Russia, Ukrainian
These activities are a detriment to the Ukrainian counteroffensive, but Kyiv's forces appear to be adapting. In this situation, "Russian forces deployed aviation in a way they haven't recently, to front-line positions, and were able to use it more successfully than they have in the past," he said. Russian Air Force Mil Mi-8 and Kamov Ka-52 "Alligator" attack helicopter Leonid Faerberg/SOPA Images/LightRocket via Getty Images"We haven't seen Russian forces really use aviation super extensively on the front line," Bailey said, adding "they have been concerned about having aviation losses." "Ukrainian forces are having to adapt to how Russian forces are employing these in southern Ukraine," he said, noting that they are seeing signs of that as the Ukrainians set the stage for their main attack. Ukraine hasn't committed the bulk of its dedicated counteroffensive forces to a major assault operation, and, as ISW's George Barros said recently, "big fireworks are still to come."
Persons: , Volodymyr Zelenskyy, Riley Bailey, Bailey, Kamov, Leonid Faerberg, it's, VITALY TIMKIV, Wagner, Karolina Hird, It's, Ukraine hasn't, George Barros Organizations: Service, Senior Ukrainian, BBC Wednesday, Institute for, Russian Air Force, Getty, Operations, Ukraine, Bakhmut, CNN, Fox News Locations: Russia, Ukraine, Ukrainian, Russian, Russia's Krasnodar, AFP, Donetsk, Zaporizhzhia, Oblast
The UK Ministry of Defence said Russia's attack helicopters gave Putin's forces "a temporary advantage." Of all the Russian Air Force's attack helicopters, the Ka-52 is perhaps the most widely used. According to the latest UK Ministry of Defence briefing, Russian troops have reinforced its attack helicopter forces, allowing them to gain "a temporary advantage in southern Ukraine, especially with attack helicopters employing longer-range missiles against ground targets." Of all the Russian Air Force's attack helicopters, the Ka-52 is perhaps the most widely used. Featuring an unusual coaxial rotor design and a side-by-side crew seating arrangement, Insider reported that it has been on the frontline and involved in the thickest fighting more than any other Russian attack helicopter since Russia's attack began in February 2022.
Persons: , h. Organizations: UK Ministry of Defence, Russian Air, Service, — Ministry of Defence Locations: Ukraine
May 31 (Reuters) - A fire that broke out at the Afipsky oil refinery in Russia's Krasnodar region was likely caused by a drone, the region's governor said early on Wednesday. The fire was soon extinguished and there were no casualties, Governor Veniamin Kondratyev said on the Telegram messaging app. The Afipsky refinery lies not far from the Black Sea port of Novorossiisk in Krasnodar. Ukraine almost never publicly claims responsibility for attacks inside Russia or on Russian-controlled territory in Ukraine. Reporting by Lidia Kelly and David Ljunggren; Editing by Christian Schmollinger and Tom HogueOur Standards: The Thomson Reuters Trust Principles.
Persons: Veniamin Kondratyev, Lidia Kelly, David Ljunggren, Christian Schmollinger, Tom Hogue Organizations: Thomson Locations: Russia's Krasnodar, Novorossiisk, Krasnodar, Russia, Ukraine, Moscow
Ukrainian drone sparks fire at Russian refinery - governor
  + stars: | 2023-05-31 | by ( ) www.reuters.com   time to read: +5 min
MOSCOW/KYIV, May 31 (Reuters) - A Ukrainian drone sparked a fire at an oil refinery in southern Russia and shelling hit a Russian town close to the border for the third time in a week, damaging buildings and setting vehicles ablaze, Russian officials said on Wednesday. The Afipsky refinery is not far from the Black Sea port of Novorossiisk, near another refinery that has been attacked several times this month. There was no immediate information on who launched the drone but Moscow has accused Kyiv of increased attacks inside Russia in recent weeks, while Russia has repeatedly pounded Ukrainian cities with drones and missiles. Russian drone attacks killed one person and wounded four in Kyiv on Tuesday, according to Ukrainian officials. Civilian targets in Kyiv and other Ukrainian cities have since the earliest days of the war been struck repeatedly by Russian drones and missiles.
Persons: Veniamin Kondratyev, Vyacheslav Gladkov, Mykhailo Podolyak, Vladimir Putin, Putin, Karine Jean, Pierre, Rafael Grossi, Grossi, David Ljunggren, Guy Faulconbridge, Max Hunder, Olena Harmash, Pavel Polityuk, Valentyn Ogirenko, Gleb Garanich, Lidia Kelly, Trevor Hunnicutt, Steve Holland, Stephen Coates, Robert Birsel Organizations: Kyiv, Residents, Civilian, Washington, Russian, International Atomic Energy Agency, IAEA, . Security, Thomson Locations: MOSCOW, KYIV, Ukrainian, Russia, Ukraine, Moscow, Russia's Krasnodar, Novorossiisk, Russian, Kyiv, Shebekino, Ukraine's Kharkiv, Ukraine's, Washington, United States, Zaporizhzhia
Fuel depot ablaze in Russia's Krasnodar, governor says
  + stars: | 2023-05-03 | by ( ) www.reuters.com   time to read: +1 min
May 3 (Reuters) - A fuel storage facility near a key bridge in Russia's southwestern region of Krasnodar was on fire in the early hours of Wednesday, the regional governor said, but there were no initial reports of casualties. "The fire has been classified as the highest rank of difficulty," Veniamin Kondratyev, the governor of Krasnodar, which lies across the Sea of Azov from Ukraine, said on the Telegram messaging app. It lies close to the Crimean Bridge, or the Kerch Strait bridge, that links Russia's mainland with the Crimea peninsula it annexed in 2014 from Ukraine. The incident comes after a drone strike set ablaze a Russian fuel storage facility in the Crimean port of Sevastopol early on Saturday, in what Moscow said was a Ukrainian attack. Over the weekend, however, Kyiv's military said undermining Russia's logistics formed part of preparations for a long-expected counteroffensive.
Ukraine is apparently striking at fuel depots in Russian-occupied areas and inside Russia itself – seemingly precise attacks but ones to which Kyiv is making no overt claim. Russia has been lashing out at what often seem to be civilian targets in Ukraine, either in rage or through ineptitude. Ukraine was quick to capitalize on that statement and sent senior officials to the area to claim Russia had already begun pulling back. And now, in Kherson, Ukrainian officials have ordered a 58-hour curfew from 8 p.m. on May 5, barring locals from leaving their houses. This comes amid a deluge of comments from Ukrainian officials that the weather - for the past fortnight alternating between rain and bold sunshine - has held them back.
The Wagner Group recruited thousands of Russian prisoners to fight in Ukraine in exchange for freedom. While those who died return home to be buried, residents can't agree on how they should be treated. The Wagner Group, a Russian paramilitary organization founded by Yevgeny Prigozhin, caused controversy by recruiting convicted criminals to fight in Ukraine in exchange for their freedom. The UK Ministry of Defence said in an intelligence briefing earlier this month that about half of all the Russian prisoners sent to fight Ukraine have been killed or wounded. Some residents are also concerned about pardoned prisoners who return home alive but may still be violent.
The toll has been especially high for Russia's Ka-52, one of its newest attack helicopters. Because it's been the most active, the Ka-52 also appears to be taking the most losses of Russia's helicopters. The AlligatorA Russian Ka-52 helicopter at the Dubai Airshow in November 2021. A wrecked Russian Ka-52 helicopter at Hostomel Airport near Kyiv in July. Russia's helicopters have changed tactics in response to Ukraine's successful use of shoulder-fired missiles and other air-defense systems, but Russian forces still need close air support.
A group of Russian soldiers in Ukraine complained to the Ministry of Defense, The Insider reported. In a Telegram video, the men said they have no equipment and were thrown into a field "like dogs." Putin declared a mobilization last month, but some draftees said they get no training or equipment. The report comes more than a month after Russian President Vladimir Putin announced a partial mobilization of his country's military reservists. Last week, Putin said that around 16,000 mobilized men had already made it into combat in Ukraine.
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