Ukraine’s fight against Russia’s invasion has entered a new phase, pitting homegrown drone technology against a 2,000 kilometer (1,200 mile) swathe of largely Soviet-era oil facilities. At least nine major refineries have been successfully attacked this year, currently taking offline 11% of the country’s total capacity by some estimates. As the conflict at the front … Read more
A fuel tanker operated on behalf of trading giant Trafigura Group. was struck by a missile as it transited the Red Sea, in the most significant attack yet by Yemen’s Houthi rebels on an oil-carrying vessel. “Firefighting equipment on board is being deployed to suppress and control the fire caused in one cargo tank on … Read more
Argentine President Javier Milei is seeking to extinguish decades of government intervention in the nation’s oil industry by unshackling crude exports and leaving local fuel prices at the whim of market forces. Milei included such measures in sweeping legislation he sent to congress on Wednesday, the latest move since the libertarian president took office on … Read more
Stock-Market Rally at Risk With Oil, Gasoline Prices on the Rise Bloomberg Source link