Oil prices rise after Ukrainian drone attacks on Russian refineries
15 September 2025 09:51
Oil prices continued to rise on Monday, as investors assess the impact of Ukrainian drone attacks on Russian refineries, which could disrupt crude oil and fuel exports from Russia. At the same time, market participants are keeping an eye on the growing demand for fuel in the United States, "Komersant Ukrainian" reports citing Reuters.
Brent crude oil futures rose 36 cents, or 0.5%, to $67.35 per barrel as of 08:32 Kyiv time. U.S. WTI crude rose 36 cents, or 0.6%, to $63.05 per barrel.
Дивіться нас у YouTube: важливі теми – без цензури
Ukrainian drones determine world oil prices
Both contracts rose more than 1% last week after Ukraine stepped up attacks on Russian oil infrastructure. The largest oil export terminal, Primorsk, and the Kirishinefteorgsintez refinery, one of Russia’s two largest refineries, were hit.
“The attack indicates a growing willingness to disrupt international oil markets, which could put upward pressure on oil prices,”
– said JPMorgan analysts commenting on the attack on Primorsk.
Primorsk’s capacity is about 1 million barrels per day of crude oil, making it a key export hub for Russian oil and the largest port in western Russia.
The Kirishi refinery, owned by Surgutneftegaz, processes about 355,000 bpd of Russian crude oil, which is 6.4% of the country’s total.
“If Ukraine has changed its strategy and is now targeting Russia’s oil export infrastructure, it could lead to higher oil prices,”
– said Tony Sycamore, an analyst at IG Markets. In his opinion, prices will rise even despite ongoing concerns about oversupply due to OPEC’s plans to increase production.
An oil company in Russia’s Bashkortostan will maintain production levels despite a drone attack on Saturday, according to the region’s governor, Radiy Khabirov.
US pressure on Russia and China
Pressure on Russia is increasing as US President Donald Trump reiterated on Sunday that he is ready to impose sanctions on Russia, but Europe must act in line with the United States.
Investors are also watching the US-China trade talks in Madrid, which began on Sunday amid Washington’s demands that its allies impose tariffs on imports from China over its purchases of Russian oil.
Читайте нас у Telegram: головні новини коротко
