WS #11522
Ukrainian drones hit Russia's Omsk refinery, the country's largest, in one of the deepest strikes of the war, disrupting 22 million tons of annual capacity and potentially impacting global oil supply. Morgan Stanley cut its Q3 Brent forecast by $15 to $75/bbl as supply returns through the Strait of Hormuz, easing disruption concerns and countering the bullish oil narrative.
Ukraine strikes Russia's largest oil refinery in Omsk
Ukrainian drones hit Russia's Omsk refinery, the country's largest, in one of the deepest strikes of the war, disrupting 22 million tons of annual capacity and potentially impacting global oil supply.
Morgan Stanley cut its Q3 Brent forecast by $15 to $75/bbl as supply returns through the Strait of Hormuz, easing disruption concerns and countering the bullish oil narrative.