Ukrainian drones are burning Russia’s oil refineries, but not its economy
Ukraine’s drone attacks on Russian oil refineries are trying to achieve what Western sanctions couldn’t: grinding down what fuels Russia’s war machine and the backbone of its economy in an echo of the Allies' oil bombing campaign on German assets in World War II.
Russia may boost oil exports in October on lower refining, sources say
Oil exports from Russia's western ports may rise in October as domestic refineries will increase runs only marginally despite coming out of the peak maintenance season, trading sources said.
Ukrainian drones hit missile warehouse deep in Russia in massive blast
The apparently successful drone attack comes as Ukraine is pushing its Western allies to lift restrictions on the missiles they have supplied for more such attacks on Russia.
Ukraine drone strike launches earthquake-size blast in Russia
A Ukrainian drone strike launched at an arms depot in Russia's Tver region caused a massive explosion picked up by NASA space satellites. (Video Credit: East2West News./ Still photo: Reuters.)
Ukraine says it downed 42 drones, one missile in Russian attacks overnight
Ukraine's air force said on Thursday it had shot down all 42 drones and one of four missiles used by Russia during overnight attacks. Air defences went into operation in nine Ukrainian regions, the air force said in a statement on the Telegram messaging app nearly 31 months after Russia's full-scale invasion.
Ukrainian drones strike Russia's Tver region
Video captured smoke rising from Toropets, in Tver region on Sept. 18, after Ukrainian drones attacked the town some 300 miles inside of Russia, Kyiv officials said.
Russian arms depot erupts after a Ukrainian drone attack
Hezbollah blames Israel for exploding pagers across Lebanon, and US brand Tupperware files for bankruptcy.
Ukrainian drone attack triggers huge blasts at Russian ammo depot
The explosions in Toropets, in the Tver region, were so intense that they were picked up by NASA satellites and earthquake monitors.
U.S. refineries seen carrying out lightest fall maintenance season in three years
Crude oil futures rose Thursday, gaining alongside global equities and other risky assets a day after the Federal Reserve delivered an aggressive 50-basis point interest rate cut, and fresh ...
Motor Oil Says Key Crude Unit Was Shut Down in Fire on Tuesday
The fire at Greece’s Agioi Theodoroi oil refinery earlier this week occurred in one of two key crude processing units at the ...
Two Sinochem Oil Refineries Declared Bankrupt as Margins Plunge
Two oil refiners in China run by chemical conglomerate Sinochem Group Co. were declared bankrupt, highlighting the headwinds ...
Oil Prices Mixed; May Be Supported by Demand Hopes
Oil prices were mixed in early Asian trade, but may be supported by demand hopes.
Western nations have bought $2B in Russian oil this year through sanctions workarounds
Western nations purchased $2 billion worth of Russian oil indirectly through Turkey in a sign of glaring sanctions loopholes.
Crude Oil Prices2d
Chinese Refineries Go Bankrupt Amid Plummeting Margins
Two refineries in China's Shandong province have declared bankruptcy due to weak fuel demand and plummeting refining margins.
Chinese court rules two Sinochem refineries in Shandong bankrupt
A Chinese court has ruled that two refineries owned by state oil and chemical group Sinochem were bankrupt after creditors ...
West spent US$2 billion to purchase products made from Russian oil in 2024
Since the beginning of 2024, Western countries have spent US$2 billion purchasing Turkish oil products made from Russian oil.
Russia is still passing $2 billion worth of its oil products to the West via middlemen, think tank says
Western countries have bought billions of dollars worth of Russian oil from Turkish refiners, a study from CREA says.
Louisiana oil refineries start recovering from Hurricane Francine
Six oil refineries in Louisiana in the path of Hurricane Francine began recovering on Thursday from the storm's passage ...
Ukraine buys Indian shells via Europe despite Russian protests – Reuters
Indian artillery shells, procured through European intermediaries, have been supplied to Ukraine for over a year. Despite ...