WS #11514
Ukrainian drones struck Russia's largest refinery in Omsk (2,500 km from border), Yaroslavl refinery, Baltic oil ports, and tankers in Sea of Azov, marking a major escalation in energy infrastructure attacks. Russia launched a large-scale missile and drone attack on Kyiv, killing at least 10, on the eve of the NATO summit, escalating tensions. OPEC+ confirmed 188,000 bpd production increase for August, fifth consecutive monthly increase, with oil prices falling back to pre-Iran-conflict levels and Saudi Arabia cutting prices by $11/bbl. Lockheed Martin agreed to acquire Ultra Maritime for $3.45B, strengthening naval defense capabilities amid rising demand. Saudi Arabia cut Arab Light crude price to Asia by $11/bbl, the largest cut in at least 26 years, reflecting weak demand and increased competition.
Ukraine Drone Strikes on Russian Oil Infrastructure
Ukrainian drones struck Russia's largest refinery in Omsk (2,500 km from border), Yaroslavl refinery, Baltic oil ports, and tankers in Sea of Azov, marking a major escalation in energy infrastructure attacks.
Russia launched a large-scale missile and drone attack on Kyiv, killing at least 10, on the eve of the NATO summit, escalating tensions.
OPEC+ confirmed 188,000 bpd production increase for August, fifth consecutive monthly increase, with oil prices falling back to pre-Iran-conflict levels and Saudi Arabia cutting prices by $11/bbl.
Lockheed Martin agreed to acquire Ultra Maritime for $3.45B, strengthening naval defense capabilities amid rising demand.
Saudi Arabia cut Arab Light crude price to Asia by $11/bbl, the largest cut in at least 26 years, reflecting weak demand and increased competition.