WS #11472
OPEC+ confirms 188,000 bpd production increase for August, but Ukrainian drone strikes on St. Petersburg oil terminal and fragile Strait of Hormuz recovery add risk premium to oil. Ukrainian drone strikes hit St. Petersburg oil terminal and massive drone attack on Odesa; Russia claims control of Kostiantynivka but Ukraine denies.
OPEC+ Production Increase & Oil Market Dynamics
OPEC+ confirms 188,000 bpd production increase for August, but Ukrainian drone strikes on St. Petersburg oil terminal and fragile Strait of Hormuz recovery add risk premium to oil.
Ukrainian drone strikes hit St. Petersburg oil terminal and massive drone attack on Odesa; Russia claims control of Kostiantynivka but Ukraine denies.