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Satellite imagery appears to confirm Russia has moved parts of its navy from Crimea. The move is intended to shield the Black Sea Fleet from Ukrainian drone attacks, per a US think tank. Courtesy of Planet Labs PBCAccording to MT Anderson, two Admiral Grigorovich-class frigates, along with a Krikav-class frigate, three Kilo-class submarines, and a number of smaller ships, were transferred. A Project 22160 patrol ship stationed in the Ukrainian port of Feodosia in eastern Crimea, seen in satellite imagery shared by Planet Labs PBC on October 4, 2023. In recent weeks, Ukraine has intensified its attacks on Russia's Black Sea Fleet, including attacking its command center in Sevastopol on September 22.
Persons: , Anderson, Grigorovich, Vasily Bykov, MT, Thord, Iversen, Iverson Organizations: Service, Planet Labs PBC, Labs, MT Anderson, UK's Ministry of Defence, Norwegian Navy Locations: Russia, Crimea, Sevastopol, Novorossiysk, Russian, Feodosia, Ukrainian, Russia's, Feodosiya, Ukraine
Ukrainian officials also said Kyiv's forces were resisting Russian attempts to reverse gains on the eastern front made by Kyiv since it launched the counteroffensive in June. Ukraine's southern group of forces outlined advances as Kyiv presses on with a drive towards the Sea of Azov to split Russian-occupied territory in the south and east. The General Staff of Ukraine's armed forces, in its evening report, said its forces had repelled Russian attacks near Robotyne and nearby Verbove. The General Staff report also said Russian forces had been unsuccessful in attempts to recapture ground near Andriivka - a village in the east recaptured by Ukrainian forces last month. It also said it had downed 31 drones launched by Kyiv overnight over three southern Russian regions, but reported no casualties or damage.
Persons: Oleksandr Shtupun, Volodymyr Zelenskiy, Ron Popeski, Stephen Coates Organizations: Reuters, Russia's Defence Ministry, General, Staff, Russian Locations: Russia, Kyiv, Azov, Robotyne, Verbove, Andriivka, Bakhmut, Russian, Belgorod
Oct 4 (Reuters) - Ukraine carried out a drone attack on the western Russian region of Belgorod overnight and hit an S-400 air defence complex and its radar, a source in the Security Service of Ukraine (SBU) told Reuters on Wednesday. Russia's defence ministry said earlier on Wednesday that it had downed 31 drones launched by Kyiv overnight over the regions of Belgorod, Bryansk and Kursk, but reported no casualties or damage. The SBU source pointed to videos posted online by Russian nationals showing what he said were 20 explosions at the location of the air defence system and its radar near the city of Belgorod. Ukraine has tried to step up its attacks on Russian air defences in recent months. The source said it was the second time the SBU had struck a "Triumf" air defence system since Sept. 14.
Persons: Tom Balmforth, Timothy Heritage, Peter Graff Organizations: Security Service of Ukraine, Reuters, Thomson Locations: Ukraine, Russian, Belgorod, Bryansk, Kursk, Russia, Crimea, Kyiv
In La Federal, for example, all nine recruits identified by Reuters signed up to fight in the war. "We are deeply concerned by reports alleging young Cubans have been deceived and recruited to fight for Russia," the spokesperson said. In La Federal, word of the army work began to spread in June, according to the residents interviewed. The first line of the message states: "This is a contract with the Russian military by which you receive citizenship." He stressed that the people who signed up in La Federal knew they would be going to fight.
Persons: Dannys Castillo, Yamidely Cervantes, Enrique Gonzalez, Cervantes, husband Gonzalez, Gonzalez, Oleg Nikolenko, Vladimir Putin, Dayana, Cristian Hernandez, Viondi, Alina Gonzalez, Danilo, Roberto Sabori, Yasmani, MAMI, Mami, Luis Herlys Osorio, Nilda, Osorio, Havana didn't, Dave Sherwood, Alexandre Meneghini, Mario Fuentes, Carlos Carrillo, Matt Spetalnick, Tom Balmforth, Filipp Lebedev, Felix Light, Pravin Organizations: Reuters, La Federal, Federal, Russia, Kremlin, Cuban, U.S . State Department, Facebook, Dayana, Soviet, Pravin Char, Thomson Locations: Alamar, Havana, Cuba, La, Ukraine, Russia, Moscow, Russian, Tula, Crimea, Ukrainian, United States, Villa Maria, Cuban, U.S, America, Europe, Gonzalez, Varadero, Ryazan, Soviet, Angola, Africa, Washington
Ukraine Has Gained Ground. Progress since counteroffensive began Held by Russia But It Has Much Farther To Go. Ukraine Has Gained Ground. Ukraine Has Gained Ground. August 30, 2022 Robotyne Robotyne Robotyne Robotyne Robotyne August 2, 2023 Craters Robotyne Russian fortifications Trees gone along roads Russian fortifications Craters Robotyne Trees gone along roads Russian fortifications Craters Robotyne Trees gone along roads August 30, 2023 Robotyne Robotyne Robotyne This is what Robotyne looked like a year ago: occupied by Russia, untouched by battle and home to around a hundred people.
Persons: Orikhiv, Verbove, Russia Orikhiv, Russia Verbove, Ukraine Orikhiv, UKRAINE SEA OF AZOV RUSSIA Kharkiv KHARKIV LUHANSK UKRAINE Bakhmut, Robotyne, Brady, Copernicus, , Valerii Organizations: Russia Ukrainian, Russia, Russia Verbove Robotyne, Ukraine Orikhiv Verbove, Troops, Donetsk Velyka Novosilka DONETSK, Donetsk Velyka Novosilka DONETSK RUSSIA Robotyne, UKRAINE SEA OF AZOV, Donetsk DONETSK Robotyne, Kyiv, Kyiv UKRAINE SEA OF AZOV Kharkiv, RUSSIA KHARKIV, DONETSK RUSSIA Robotyne, SEA, American, Russian, Ukraine, Ukrainian, Planet Labs, Ukrainian Armed Forces, Reuters, Robotyne Locations: Ukraine, Russia, Go, Kyiv, Robotyne, Tokmak, Melitopol, Azov, Crimean, KHARKIV LUHANSK UKRAINE, Luhansk, Donetsk, Donetsk Velyka Novosilka DONETSK RUSSIA, UKRAINE, UKRAINE SEA OF AZOV RUSSIA Kharkiv KHARKIV LUHANSK UKRAINE, Donetsk DONETSK, Kyiv UKRAINE, RUSSIA KHARKIV LUHANSK UKRAINE, DONETSK, Russian, Crimea, Moscow, Europe, Ukrainian, Valerii Zaluzhnyi, Verbove
MOSCOW (AP) — Russia’s Vostochny space launch facility where President Vladimir Putin hosted North Korean leader Kim Jong Un on Wednesday reflects an ambitious attempt by Moscow to burnish its scientific glory that faded after the collapse of the Soviet Union. The new spaceport has a troubled history tarnished by construction delays and widespread corruption. DIFFICULT CONSTRUCTIONVostochny’s location in an unexplored and sparsely populated area in Russia’s far east has added to the cost and length of construction works. The first launch from Vostochny initially had been planned for 2015 but was pushed back until the following year. In 2018, an inspection revealed cavities in the ground under the launch pad that were blamed on shoddy construction works and required additional funds to fix.
Persons: Vladimir Putin, Kim Jong Un, Putin, Vostochny, Luna Organizations: MOSCOW, North, Soviet Union, Baikonur, Soyuz Locations: Moscow, Soviet, Soviet Union, Russia, Kazakhstan, Russia’s, Tsiolkovsky, Vostochny
Russia is building air-defense towers that some observers liken to the "flak towers" used by Nazi Germany. The air-defense towers are not the first decades-old weapon to be used during the war in Ukraine. In 1940, Hitler demanded flak towers after British bombers conducted a small raid on Berlin. Yet there isn't that much resemblance between German flak towers and Russia's new air-defense structures, according to Edward Westermann, author of "Flak: German Anti-Aircraft Defenses 1941-1945." Most of the German flak towers were destroyed after 1945, though a few remain today as tourist attractions — or because they're simply too difficult to blow up.
Persons: liken, Pantsir, Vladimir Putin, Hitler, ALEXANDER NEMENOV, Edward Westermann, Westermann, they're, Michael Peck Organizations: Service, Allied, Kremlin, NATO, British, AP, Russian Defense Ministry, Getty, Aircraft, Defense, Foreign Policy, Twitter, LinkedIn Locations: Ukraine, Russia, Moscow, Wall, Silicon, Russian, Nazi Germany, Crimea, Ukrainian, St, Petersburg, It's, Hamburg, Berlin, Vienna, AFP, Forbes
The US swapped Viktor Bout, a once notorious Russian arms dealer, for WNBA star Britney Griner, last year. Known as the "Merchant of Death," Bout spent 15 years in a US prison. Bout is now back in Russia, adjusting to modern life, and running for local office. Advertisement Advertisement Watch:The career pivot isn't the only challenge facing Bout, who was first arrested by police in Thailand in 2008 before his extradition to the United States. Since his release, Bout has been a vocal supporter of Russian President Vladimir Putin's war in Ukraine.
Persons: Viktor Bout, Britney Griner, Brittney Griner, Griner, it's, Bout, Vladimir Putin's Organizations: WNBA, Service, New York Times, Times, Kremlin Liberal Democratic Party Locations: Russian, Russia, Wall, Silicon, United States, Ulyanovsk, Moscow, Thailand, Ukraine, He's
New photos show Russia shielding its Tu-95 bomber jets from missiles with rows of car tires. It's the latest entry in a long list of jury-rigged Russian defenses and force protection measures. Russia recently put cages on its tanks and sunk ships along a key bridge as last-ditch defenses. Close-up analysis concluded that the patches were individual car tires, The Drive first reported, likely meant to confuse incoming Ukrainian missiles, such as the R-360 Neptune anti-ship cruise missiles that Ukraine has modified to hit land targets. That random assortment of defenses for Kerch Bridge speaks less to a cohesive strategy and more to Russia scrambling to protect against the growing threat of Ukrainian drone boat attacks.
Persons: Engels, it's, logistically, Mary, Russia's Organizations: Service, LB Locations: Russia, Wall, Silicon, Saratov, Russian, Ukraine, Kerch, Crimea, Ukrainian
Sept 3 (Reuters) - A non-residential building in the western Russian city of Kurchatov caught fire on Sunday after an attack by a Ukrainian drone but emergency services put the fire out and there were no casualties, Roman Starovoit, governor of the Kursk region, said. In a post on the Telegram messaging app, Starovoit did not say which building was affected. Ukraine's Babel online outlet quoted an unnamed source as saying a drone hit a building belonging to the FSB security service. Starovoit also blamed a Ukrainian drone for damage to a building facade in Kurchatov on Sept. 1. Kurchatov is home to one of Russia's biggest nuclear plants, but there were no reports it was affected in either incident.
Persons: Roman Starovoit, Starovoit, Elaine Monaghan, Deepa Babington, Nick Zieminski Organizations: Thomson Locations: Russian, Kurchatov, Ukrainian, Kursk, Washington
Ukrainian drone attacks Russian town near major nuclear plant
  + stars: | 2023-09-01 | by ( ) www.reuters.com   time to read: +2 min
Summary Drone attacks nuclear townNo damage to nuclear power stationKursk power station is one of biggestUkrainian drone shot down near MoscowMOSCOW, Sept 1 (Reuters) - A Ukrainian drone attacked a town in western Russia which is home to one of the country's biggest nuclear power stations, though there was no damage reported to the plant, Russian officials said. Governor Roman Starovoit said a Ukrainian drone had damaged the facade of a building in the town of Kurchatov, just a few kilometres from the Kursk nuclear power station, early on Friday. Starovoit did not mention any potential damage to the Kursk nuclear power plant. The Soviet-era Kursk nuclear power station has the same graphite-moderated reactors as the Chernobyl nuclear plant. Russia and Ukraine have in the past accused each other of plotting to attack the Zaporizhzhia nuclear power station in Ukraine.
Persons: Roman Starovoit, Starovoit, Sergei Sobyanin, Vyacheslav Gladkov, Guy Faulconbridge, Clarence Fernandez, Michael Perry Organizations: Kremlin, Thomson Locations: Kursk, Moscow MOSCOW, Ukrainian, Russia, Kurchatov, Soviet, Soviet Ukraine, Europe, Ukraine, Russian, Moscow, Moscow's Vnukovo, Belgorod
He said Ukrainian weapons can hit Russian targets more than 430 miles away. It means Ukraine has extended the range of its attacks and can strike deep within Russia's borders. AdvertisementAdvertisementIn a Facebook post Thursday, he posted a video apparently showing a long-range Ukrainian missile test. Ukrainian Main Military Intelligence Directorate Head Major General Kyrylo Budanov said that Ukraine has the capacity to strike targets anywhere in Crimea, the Ukrainian peninsula occupied by Russia since 2014. As part of that drive, Ukraine has launched attacks on cities and military targets in Russia apparently aimed at sapping Russian morale.
Persons: Volodymyr Zelenskyy, Zelenskyy, Oleksiy Danilov, Kyrylo Budanov Organizations: Service, Ministry of Strategic Industries, Ukraine, Ukrainian National Security and Defense, Main Military Intelligence Locations: Ukrainian, Ukraine, Russia's, Wall, Silicon, Pskov, Russia, Washington, DC, Russian, Crimea
"The war is coming home to Russia," Timothy Ash, emerging markets strategist at BlueBay Asset Management, said in emailed comments Wednesday. Alexander Nemenov | Afp | Getty ImagesAerial assaults have intensified in recent days with strikes occurring further into Russian territory. Drone warfareRussia blamed Ukraine for the latest drone attacks while Ukraine remained characteristically tight-lipped about these, and previous, assaults. Ukraine has been targeted with thousands of Russian drone attacks during the 19-month-long conflict, with its energy, defense and civilian infrastructure pummeled by swarms of Iranian-made UAVs. Experts agree that Ukrainian forces direct attempts to attack Russian territory and are likely to be assisted by disaffected anti-war Russians at times.
Persons: Vladimir Putin, Alexey Nikolsky, Timothy Ash, Putin, Ash, Alexander Nemenov, Mikhail Razvozhaev, Vladimir Putin's, Kirill Shamiev, Shamiev, Volodymyr Zelenskyy, Zelenskyy Organizations: Afp, Getty, Russian, BlueBay Asset Management, Police, Moscow International Business, Reuters, Russian Ministry of Defense, European Council, Foreign Relations, CNBC, Kremlin, Kyiv, Ukrainian Armed Forces Locations: Orenburg, Russia, Moscow, Russian, Crimea, Ukraine, Kerch, Bryansk, Sevastopol, Kyiv
Regional elections began in Russian-occupied began parts of Ukraine Thursday as authorities seek to cement Moscow's control of what it calls its "new territories." The voting, which runs until Sept. 10, is being held in Donetsk, Luhansk, Zaporizhzhia and Kherson, four Ukrainian regions claimed by Russia since its full-scale invasion. A Ukrainian official described the polling as a "sham." British defense company BAE Systems is establishing a local entity in Ukraine and has penned deals with its government to help ramp up supplies of weapons and equipment. Elsewhere, a Ukrainian drone attacked a town in western Russia, close to one of the country's biggest nuclear power stations, a Russian official said Friday.
Organizations: BAE Systems Locations: Russian, Ukraine, Donetsk, Luhansk, Zaporizhzhia, Kherson, Russia, Ukrainian
CNN —A Russian official claimed Thursday that a Ukrainian sabotage operation had been foiled in Bryansk, southwestern Russia, with several Ukrainians killed or captured. Alexander Bogomaz, governor of the Bryansk region that borders both Ukraine and Belarus, said on his Telegram channel that two of the group had died and five were detained in the Navlinsky district on Wednesday. Bryansk neighbors northern Ukraine and eastern Belarus, Moscow’s close ally that helped facilitate Russia’s full-scale invasion of Ukraine last year. This marks the second alleged sabotage attempt by Ukraine in the region this month. Russia’s Federal Security Service (FSB) claimed on August 16 that it had stopped an attempt by a Ukrainian sabotage and reconnaissance group to enter Bryansk.
Persons: Alexander Bogomaz, , ” Bogomaz, Moscow’s, Organizations: CNN, Ukrainian Security Service, Main Intelligence Directorate, NATO, TASS, Russian National Guard, RIA Novosti, Federal Security Service, Ministry of Defense, Russian Federation Locations: Ukrainian, Bryansk, Russia, Ukraine, Belarus, Navlinsky, Russian
Russia's military bloggers are mad over escalating drone attacks on home soil. They have often highlighted problems within Russia's military which were not acknowledged by officials or Russia's closely-controlled mass media. Their anger was prompted by an increasing number of drone attacks, likely organized by Ukraine or Ukraine-affiliated groups. And some of these strikes have destroyed and damaged Russian military aircraft sitting on home soil. Military analysts told The Wall Street Journal that Ukraine has probably disabled more Russian aircraft sitting in Russian bases than it has aircraft involved in combat.
Persons: Russia's, milbloggers, Rybar, Alexander Kots Organizations: Service, Ministry of Defense, Wall Street Journal Locations: Western Russia, Russia, Wall, Silicon, Ukraine, Russia's Pskov, Crimea, Russian, Europe
Residents stand outside their damaged buildings after a Russian missile attack in Kyiv, Ukraine overnight on August 30, 2023. Russia and Ukraine accused each other of launching multiple drone attacks against each other's territory overnight Wednesday. Russian officials accused Ukraine of launching several drone attacks against five regions in central and northwestern Russia, while Kyiv said it had repelled more than 20 drone and missile attacks on the capital. One alleged Ukrainian drone attack caused a fire at an airfield in Pskov in the northwest of the country, setting two Ilyushin Il-76 military transport aircraft on fire and damaging several other aircraft, Russian news agency Tass reported. The governor of the Pskov region, Mikhail Vedernikov, said on his Telegram channel that the scale of the destruction is being assessed and flights from Pskov's airport were cancelled Wednesday.
Persons: Mikhail Vedernikov Locations: Russian, Kyiv, Ukraine, Russia, Ukrainian, Pskov, Pskov's
Russia says it foiled major Ukrainian drone attack
  + stars: | 2023-08-30 | by ( ) www.reuters.com   time to read: +4 min
REUTERS/Dado Ruvic/Illustration/file photo Acquire Licensing RightsAug 30 (Reuters) - Russia said it foiled one of the biggest Ukrainian drone attacks to date on western Russia on Wednesday, shooting down unmanned aircraft over at least six regions, and destroyed a Ukrainian naval attack on the annexed Crimean peninsula. Russian military aircraft were damaged and civilian aviation was disrupted in the drone attacks, said Russian officials, citing Pskov, Bryansk, Kaluga, Orlov, Ryazan and Moscow regions as targeted. Ukraine, which has yet to achieve a major success in its summer ground counteroffensive, has struck deep into Russia in recent months, including an attack on the Kremlin in May and numerous drone attacks on civilian targets in Moscow. Russia said Ukrainian drones tried to attack a TV tower over the Bryansk region. A Russian aircraft also destroyed four Ukrainian fast-attack boats carrying up to 50 paratroopers in an operation on the Black Sea, the military said.
Persons: Dado Ruvic, Vitali Klitschko, Antony Blinken, Blinken, Yevgeny Prigozhin, Wagner, Vladimir Putin's, Karine Jean, Pierre, Putin, Stephen Coates, Guy Faulconbridge, Michael Perry Organizations: REUTERS, Kremlin, Pskov's, Tass, Civilian, TASS, Reuters, Russia, Embraer, Washington White House, Brazil's, EMBR3, Thomson Locations: Ukraine, Russia, Crimean, Pskov, Bryansk, Kaluga, Orlov, Ryazan, Moscow, Ukrainian, Estonia, Latvia, Estonian, Moscow's Vnukovo, Russian, Kyiv, St Petersburg, Prigozhin, SA
A top Ukrainian advisor says the war is increasingly crossing into Russia and can't be stopped. Recent drone attacks have damaged Russian aircraft and jets far from the front lines. The fiery comments come amid increasing drone strikes inside Russian territory, including an attack over the weekend that Ukraine said damaged Russian fighter jets. Ukraine said it hit the jets with Australian-made "cardboard" drones that have a range of up to 75 miles. Drone attacks on Russia — Ukrainian-claimed or otherwise — are not new.
Persons: Mykhailo Podolyak, Volodymyr Zelenskyy Organizations: Twitter, Service, Ukraine's Security Services, intel Locations: Ukrainian, Russia, Wall, Silicon, Ukraine, Russian, Soviet, Moscow
Aug 30 (Reuters) - Russia's military is repelling a drone attack at an airport in the airport in the city of Pskov in western Russia, where four transport aircraft were damaged, officials said early on Wednesday. "The Ministry of Defence is repelling a drone attack on Pskov airport," Pskov Governor Mikhail Vedernikov wrote on the Telegram messaging app. Tass news agency, quoting emergency services, said four Il-76 transport aircraft, long the workhorse of the Russian military, were damaged at the military airfield. "As a result of the drone attack, four Il-76 aircraft were damaged. Videos posted by Russian media showed thick black smoke rising over the airport.
Persons: Mikhail Vedernikov, Maria Tsvetkova, Ron Popeski Organizations: Ministry of Defence, Tass, Russian, Thomson Locations: Pskov, Russia, Latvia, Estonia, New York, Lincoln
Ukraine claims it used cardboard drones from Australia to strike five jets at a Russian air field. In March, Australia announced delivery of the lightweight drones in an aid package to Ukraine. According to prominent pro-Russian blogger @fighterbomber, which closely follows the Russian air force, the attack was the first use of Australian-provided delivery drones made of cardboard. AdvertisementAdvertisementInsider could not independently confirm the claim, but on Tuesday Ukraine's ambassador to Australia Vasyl Mryoshnychenko vouched for it, saying in a post on X: "Cardboard drones from Australia used in attack on Russian airfield." The Corvo drones are described by SYPAQ as "the cardboard plane," but per an earlier company press release they're made from waxed foamboard.
Persons: Australia Vasyl Mryoshnychenko vouched, SYPAQ, they're, SYPAQ's, Mick Ryan, Roman Starovoyt Organizations: Service, Ukraine's Security, Russian, MoD, RBC, Sydney Morning Herald Locations: Ukraine, Australia, Russian, Russia, Wall, Silicon, Kyiv, Kursk, Australian, Bryansk, Ukrainian
Ukraine is repurposing the Soviet-era S-200 surface-to-air missile system to strike inside Russia. The weapon, which weighs 7.5 tons and is 36 feet long, is used for ground attacks, the UK MoD says. The weapon also called the S-200 surface-to-air missile system, weighs 7.5 tons and is 36 feet long. Forbes reported in July that Kyiv might be repurposing the obsolete weapons for ground attacks to replace its diminishing stockpile of Tochka ballistic missiles. A video showed what appears to be a V-860 or V-880 missile, the munition used in the S-200 system, hitting the ground in Bryansk Oblast in Russia, just north of the border with Ukraine.
Persons: Forbes, Vladimir Putin Organizations: MoD, Russia's Aerospace Forces, Service, UK Ministry of Defence, GAMMON Locations: Ukraine, Russia, Wall, Silicon, Soviet, Moscow, Kyiv, Bryansk Oblast, Crimea
CNN —A Ukrainian drone crashed into the roof of a railway station in the western Russian city of Kursk early Sunday morning, injuring five people and causing damage to the building, according to the regional governor. Russia’s Kursk region borders Ukraine and has seen previous apparent Ukrainian attacks. Governor of the Kursk Region Roman Starovoit inspects the damaged railway station. Kursk Region Governor/Telegram/ReutersA man walks into a damaged hall of the station. Kursk Region Governor/Telegram/ReutersFive people sustained minor injuries, he said, adding: “At the time of the explosion there were 50 passengers in the building, they were promptly evacuated.
Persons: Roman Starovoyt, Starovoit, Volodymyr Zelensky, , Organizations: CNN, Kursk Region Governor, Telegram, Reuters Locations: Ukrainian, Russian, Kursk, Russia’s Kursk, Ukraine, Kursk Region, Russia, Volfino, Kyiv, Chernihiv
A oil pump is seen at sunset outside Scheibenhard, near Strasbourg, France, October 6, 2017. Both benchmarks had been trading at near their highest levels since April on Wednesday, but closed down 2% amid risk-off investor sentiment following the ratings downgrade. Wall Street's three main indexes closed lower and Treasury yields rose on Wednesday as uncertainty rippled through financial markets. U.S. crude stocks fell by a record 17 million barrels last week as refiners stepped up runs and exports topped 5 million barrels per day (bpd), the Energy Information Administration said on Wednesday. The inventory drawdown, which dramatically exceeded analysts' expectations in a Reuters poll of 1.4 million barrels, pointed to global demand outpacing supply as deep cuts from major producers continue.
Persons: Christian Hartmann, Fitch, refiners, Andrew Hayley Our Organizations: REUTERS, Brent, U.S, West Texas, AAA, U.S ., Energy Information Administration, Organization of, Petroleum, Reuters, Thomson Locations: Scheibenhard, Strasbourg, France, BEIJING, U.S, Saudi Arabia, Russia, Moscow
Oil prices rose slightly in early Asian trading on Thursday, as markets weighed bullish U.S. inventory data on Wednesday and a likely extension of OPEC+ output cuts against the fallout of Fitch's downgrade of the U.S. government's top credit. Both benchmarks had been trading at near their highest levels since April on Wednesday, but closed down 2% amid risk-off investor sentiment following the ratings downgrade. Wall Street's three main indexes closed lower and Treasury yields rose on Wednesday as uncertainty rippled through financial markets. The inventory drawdown, which dramatically exceeded analysts' expectations in a Reuters poll of 1.4 million barrels, pointed to global demand outpacing supply as deep cuts from major producers continue. Reuters reporting suggests that OPEC+ is unlikely to tweak its current oil output policy, with Saudi Arabia expected to extend their voluntary 1 million bpd cut for another month to include September.
Persons: Fitch, refiners Organizations: Brent, U.S, West Texas, AAA, U.S ., Energy Information Administration, Organization of, Petroleum, Reuters Locations: Red, Ras Behar, Egypt, U.S, Saudi Arabia, Russia, Moscow
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