Energy

Ukraine Strikes Lukoil's Volgograd Refinery as Drone Attacks Resume

Ukraine has struck one of Russia’s biggest refineries, Lukoil’s Volgograd processing facility, the Ukrainian forces said on Friday as they resumed attacks on Russian refining capacity. The Volgograd refinery, which has the capacity to process 300,000 barrels per day (bpd) of crude, produces gasoline

Source: OilPrice.com

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DW NOTE

Ukraine has run these refinery campaigns intermittently for three years. The timing matters more than the tactic. Oil is down nearly 25% from its yearly high despite being up year-over-year — this strike reads less like strategic escalation than a reminder that the discount was never fully priced for durability.

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Hedge Funds Pile Into Fuels as U.S. Supply Squeeze Deepens

For the first four months of the war between the United States and Israel and Iran, oil traders remained largely bearish. The overwhelming expectation was that the war would end soon—even as July rolled around—and oil flows out of Hormuz would recover. Instead, the world is slipping into a fuel shor

Ukraine Strikes Lukoil's Volgograd Refinery as Drone Attacks Resume

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Hedge Funds Pile Into Fuels as U.S. Supply Squeeze Deepens

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