WS #11409
Ukrainian drones hit a major oil terminal in St. Petersburg and nearby port, escalating the conflict and deepening Russia's fuel crisis, bullish for oil prices and energy stocks. Iraqi cabinet approved Basra Oil Co to sign a preliminary deal with a consortium including Chevron for strategic pipeline projects, a modest positive for CVX and Iraqi oil infrastructure. Eight vessels reversed course near the Strait of Hormuz, and UK/France announced readiness to deploy a multinational naval force, with Iran warning of a decisive response, adding geopolitical risk premium to oil.
Ukraine drone strikes on Russian oil infrastructure
Ukrainian drones hit a major oil terminal in St. Petersburg and nearby port, escalating the conflict and deepening Russia's fuel crisis, bullish for oil prices and energy stocks.
Iraqi cabinet approved Basra Oil Co to sign a preliminary deal with a consortium including Chevron for strategic pipeline projects, a modest positive for CVX and Iraqi oil infrastructure.
Eight vessels reversed course near the Strait of Hormuz, and UK/France announced readiness to deploy a multinational naval force, with Iran warning of a decisive response, adding geopolitical risk premium to oil.