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21.04.26 - 09:27
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Russia′s Tuapse Refinery Attacked 2nd Time In Days, While Battling Oil Spill Into Black Sea (ZeroHedge)
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Russia's Tuapse Refinery Attacked 2nd Time In Days, While Battling Oil Spill Into Black Sea
There's been yet another major attack on Russia's major Black Sea energy hub and port of Tuapse, after just a few days prior a drone wave had unleashed a fire so big it cold be seen from space, given the over 100-mile smoke plume that had spread over the Black Sea.
In this latest overnight Ukrainian assault reported Monday, the drone attack killed least one person and resulted in more major fires, and now emergency crews are battling their second huge blaze at the site in under a week. There's been a massive oil spill into coastal waters to boot.
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Last week's fires (which began with the last Thursday strike) had only just been extinguished at the Rosneft-owned refinery.
The prior drone wave had damaged residential areas, while this fresh attack has damaged a gas pipeline, a church and two schools - according to regional reports.
"Fire crews and rescue services are currently engaged...
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21.04.26 - 09:12
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Commerzbank Sees Brent Oil Staying Over $80 Until End of Year (Bloomberg)
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Thu Lan Nguyen, head of commodities research at Commerzbank, discusses the outlook for oil prices amid the prospects for continued de-escalation between the US and Iran. "We're looking at a continued relatively tight supply, even if there were a solution to the conflict and the opening up of the Strait of Hormuz in the next couple of days," Nguyen tells Bloomberg Television. (Source: Bloomberg)...
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21.04.26 - 06:36
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Abkehr vom Öl? Schneider hofft auf Fortschritt in der Krise (DPA-AFX)
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BERLIN (dpa-AFX) - Umweltminister Carsten Schneider erwartet vom aktuellen Energiepreisschock einen Schub für den Klimaschutz. "Die Klimapolitik liefert die Lösungen, damit die nächste fossile Energiekrise weniger weh tut", sagte der SPD-Politiker kurz ......
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21.04.26 - 03:54
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World′s Biggest Physical Oil Trader Warns Of Months Of Price Volatility (ZeroHedge)
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World's Biggest Physical Oil Trader Warns Of Months Of Price Volatility
By Michael Kern of OilPrice.com
Seasonally lower demand ahead of the peak summer driving season and the continued turbulence in the Middle East could extend the violent oil price swings for months ahead, the top executive of oil trader Gunvor has told the Financial Times.
“It is a little bit of a more challenging, softer period that we need to be careful of,” Gary Pedersen, chairman and CEO of Gunvor Group, told FT in an interview published on Monday.
“Frankly, it could be very choppy,” commented on the oil market Pedersen, who took over the top job at one of the world's biggest physical oil trading groups after a management buy-out in December 2025.
Before the big shake-up at the group, Gunvor was accused by the U.S. Treasury Department of being a Kremlin puppet and was denied a license to take over the international operations of Russia's second-largest oil producer Lukoil, which the United States sanctioned l...
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