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News Wire / economy

Oil Prices Exceed 120 Dollars Per Barrel

developing Business FM Russia Tuapse 14d11d Impact 8

Denitry Piskov stated that oil at the targeted refinery was intended for export. The remarks follow reports from Newsmax that Ukrainian allies requested Kyiv refrain from attacking Russian energy infrastructure due to the Middle East crisis, but Kyiv declined. The United Arab Emirates currently faces an OPEC-imposed daily production limit of 3.5 million barrels. UAE production capacity could potentially reach 5 million barrels in the near future. Utilizing a maximum surplus of 3 million barrels per day would take approximately 365 days to offset the projected deficit caused by global conflict. This move aims to reduce price tension and conflict in the Middle East. The decision follows the closure of the Armuz Strait, which handles one-fifth of the world's oil volume. This closure led to production cuts by major producers in the Persian Gulf and rising energy prices.

Denitry Piskov stated that oil at the targeted refinery was intended for export. The remarks follow reports from Newsmax that Ukrainian allies requested Kyiv refrain from attacking Russian energy infrastructure due to the Middle East crisis, but Kyiv declined. The United Arab Emirates currently faces an OPEC-imposed daily production limit of 3.5 million barrels. UAE production capacity could potentially reach 5 million barrels in the near future. Utilizing a maximum surplus of 3 million barrels per day would take approximately 365 days to offset the projected deficit caused by global conflict. This move aims to reduce price tension and conflict in the Middle East. The decision follows the closure of the Armuz Strait, which handles one-fifth of the world's oil volume. This closure led to production cuts by major producers in the Persian Gulf and rising energy prices. This move follows the end of decades of membership in a specific group, according to reports from Al Jazeera. Russia's Deputy Prime Minister Alexander Novik stated yesterday that an immediate price war is unlikely due to supply constraints caused by the Iran conflict. The UK authorities have characterized the move as a terrorist act. The price surge follows the reported blockade of the Iranian-controlled strait.

Topics

oil refinery energy security

Developing

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Sources · 7 independent

Business FM Russia

“По словам Денитря Пискова, нефть на НПЗ предназначалась для экспорта, а Киев такими ударами увеличивает дефицит нефти на мировых рынках и провоцирует их дальнейшую дистабилизацию.”

Radio Mayak

“Dmitry Peskov today stated that the Kyiv regime struck oil storage in Tuapse, oil which was intended for export operations.”

Radio Rossii

“Ряд районов города Туапсем наслаждались бесс-воды снабжения в связи с выходом из строя системы, энергоснабжения, водонепроводные насосные станции на территории нефтепеработающего завода, где произошел пожар”

Business FM Russia

“стушение пожара завестны 164 человека, 46 единиц техники.”

Kommersant FM

“Smoke from the refinery is visible from any point in Tuapse. Evacuations from homes near the refinery are still voluntary. Some residents have decided not to leave the area.”

Kommersant FM

“Дыма на ДНПЗ видно из любой точки туовсе, говорит местная жительница Елена.”

Business FM Russia

“стушение пожара завестны 164 человека, 46 единиц техники. Просто патлет надзором вынесли. забор уже НПЗ.”

Vesti FM

“Отлично контролирует ликвидацию последствий пожаров на нефте хранили, еще хвозникших после ударов украинских беспилотников по местному НПЗ.”

Vesti FM

“Из-за атаки вражеских беспилотников произошел масштабный пожар на НПЗ в ТОПС.”

Vesti FM

“Меры палквидации последствий удара украинских беспилотников в ПОИНПЗ в Туабсе принимаются на должном уровне.”

Hromadske Radio

“утративні удари потоапсе виконали ССО разом з іншими складовими сил оборони України... кадри палаючоготоапсінського НПЗ словами «Ремейк дня бабака».”

BBC Radio 4

“The Kremlin has accused Ukraine of destabilizing global energy markets after renewed drone strikes caused a huge fire at a Russian oil refinery.”

Radio Capital Italy

“Fragments of a Kiev drone, shot down by air defense, caused a fire and led to a fuel leak into the Black Sea, a spill visible even from space.”

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