WS #11381
Ukrainian drones hit St. Petersburg oil terminal and Kstovo refinery, disabling 42.74% of Russia's oil refining capacity per Ukrainian claims. Multiple tankers turned back near Oman while others passed near Iran, indicating ongoing navigation challenges despite diplomatic talks. India lifted emergency natural gas supply controls imposed after LNG disruptions due to Middle East crisis, signaling easing supply concerns. OPEC+ is considering a 188,000 bpd production increase in August, based on expectations of Strait of Hormuz normalization.
Ukraine drone strikes on Russian oil infrastructure
Ukrainian drones hit St. Petersburg oil terminal and Kstovo refinery, disabling 42.74% of Russia's oil refining capacity per Ukrainian claims.
Multiple tankers turned back near Oman while others passed near Iran, indicating ongoing navigation challenges despite diplomatic talks.
India lifted emergency natural gas supply controls imposed after LNG disruptions due to Middle East crisis, signaling easing supply concerns.
OPEC+ is considering a 188,000 bpd production increase in August, based on expectations of Strait of Hormuz normalization.