WS #11513
Ukrainian drones struck Russia's largest refinery at Omsk (2,500 km from Ukraine) and the Yaroslavl refinery, marking a major escalation in the campaign to disrupt Russian fuel supplies. OPEC+ agreed to a 188,000 bpd increase for August, and Saudi Arabia cut its Arab Light price to Asia by $11/bbl, the biggest cut in decades, signaling weak demand. Lockheed Martin agreed to acquire Ultra Maritime for $3.45B to strengthen its naval and undersea warfare capabilities. Saudi Arabia cut the price of its Arab Light crude to Asia by $11/bbl to a $1.50 discount, the largest cut in decades, reflecting weak demand and ample supply.
Ukraine escalates drone strikes on Russian oil infrastructure
Ukrainian drones struck Russia's largest refinery at Omsk (2,500 km from Ukraine) and the Yaroslavl refinery, marking a major escalation in the campaign to disrupt Russian fuel supplies.
OPEC+ agreed to a 188,000 bpd increase for August, and Saudi Arabia cut its Arab Light price to Asia by $11/bbl, the biggest cut in decades, signaling weak demand.
Lockheed Martin agreed to acquire Ultra Maritime for $3.45B to strengthen its naval and undersea warfare capabilities.
Saudi Arabia cut the price of its Arab Light crude to Asia by $11/bbl to a $1.50 discount, the largest cut in decades, reflecting weak demand and ample supply.