All articles tagged with #russian energy infrastructure
Oil prices increased following Ukraine's drone attacks on Russian energy sites, raising concerns over Russian oil supply disruptions, while expectations of a US interest rate cut supported the outlook for global demand. The attacks targeted key Russian energy infrastructure, including a nuclear reactor and fuel export terminal, and coincided with signals from the US Federal Reserve of potential rate cuts, boosting market optimism.
Russian LNG producer Novatek suspends operations at its Baltic Sea terminal after a suspected Ukrainian drone attack caused a fire, damaging two storage tanks and a pumping station. The Ust-Luga complex processes stable gas condensate and is crucial for shipping processed products to international markets. Russia and Ukraine have been targeting each other's energy infrastructure in a nearly two-year-old war, with recent attacks on an oil depot in Bryansk and the Baltic Sea oil terminal. The fire has been brought under control, and there were no casualties reported.