{"id":569809,"date":"2025-11-14T12:24:17","date_gmt":"2025-11-14T12:24:17","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/569809\/"},"modified":"2025-11-14T12:24:17","modified_gmt":"2025-11-14T12:24:17","slug":"oil-prices-soar-2-75-after-ukraine-strike-on-major-russian-export-hub","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/569809\/","title":{"rendered":"Oil Prices Soar 2.75% After Ukraine Strike On Major Russian Export Hub"},"content":{"rendered":"

Oil prices<\/a> jumped in early Asian trade on Friday morning as markets responded to renewed Ukrainian attacks on Russia’s energy infrastructure. A Ukrainian drone attack on the Russian Black Sea port of Novorossiysk, one of the country\u2019s most significant oil export hubs, triggered renewed fears of supply disruptions.<\/p>\n

At the time of writing, WTI<\/a> had risen 2.71% to $60.28…<\/p>\n

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While Brent<\/a> was trading at $64.54.<\/p>\n

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The attacks damaged a ship, nearby apartment buildings, and an oil depot, injuring three crew members aboard the vessel, Russian regional authorities confirmed<\/a>.<\/p>\n

Ukrainian forces have increasingly targeted Russian oil-refining, storage, and export infrastructure using drones and missiles. The campaign has gained intensity in recent months, with the Center for European Policy Analysis noting<\/a> a shift in strategy \u201cfrom smaller-scale strikes on storage tanks to targeting hard-to-replace refinery equipment, like cracking units, much of it western-made and subject to sanctions.\u201d<\/p>\n

If Ukraine continues to press its deep-strike campaign and Russia faces rolling or compounding infrastructure losses, the supply risk to global oil markets could rise meaningfully.<\/p>\n

Russian oil supply is being further suppressed by renewed<\/a> U.S. sanctions, most notably new restrictions on Russian oil majors Rosneft and Lukoil, effective Nov. 21, prohibiting transactions with the companies as Washington increases pressure on Moscow.<\/p>\n

The broader oil market outlook, however, remains bearish, with U.S. crude inventories rising<\/a> and multiple warnings<\/a> of a severe glut in 2026.<\/p>\n

By Charles Kennedy for Oilprice.com<\/p>\n

More Top Reads From Oilprice.com<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"Oil prices jumped in early Asian trade on Friday morning as markets responded to renewed Ukrainian attacks on…\n","protected":false},"author":2,"featured_media":569810,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7655],"tags":[2796,41264,25799,180932,2662,332,2663,180933,657,2797],"class_list":{"0":"post-569809","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-russia","8":"tag-brent","9":"tag-drone-attack","10":"tag-energy-infrastructure","11":"tag-novorossiysk","12":"tag-oil-prices","13":"tag-russia","14":"tag-sanctions","15":"tag-supply-risk","16":"tag-ukraine","17":"tag-wti"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/115548040543107075","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/569809","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=569809"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/569809\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/569810"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=569809"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=569809"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=569809"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}