WS #11547
Ukraine strikes Russia's largest oil refinery in Omsk with drones, causing fire and damage — escalates energy supply disruption risk. Saudi Arabia cuts oil prices to Asia by $11/bbl, biggest cut in 26 years, as China demand collapses and supply surges — bearish for oil, bullish for airlines/consumers.
Ukraine Drone Strike on Omsk Refinery
Ukraine strikes Russia's largest oil refinery in Omsk with drones, causing fire and damage — escalates energy supply disruption risk.
Saudi Arabia cuts oil prices to Asia by $11/bbl, biggest cut in 26 years, as China demand collapses and supply surges — bearish for oil, bullish for airlines/consumers.