Naftogaz CEO says Russia is attacking the Odesa-Brody oil pipeline in Ukraine's Odesa for the second day in a row
Newsquawk Staff ·
Naftogaz CEO says Russia is attacking the Odesa-Brody oil pipeline in Ukraine's Odesa for the second day in a row.
What it means
The ongoing attacks on the Odesa-Brody oil pipeline signal a continued escalation in the regional conflict, which could disrupt energy supplies and lead to increased volatility in oil prices. This situation may prompt a bullish sentiment in commodities, especially WTI, as concerns about supply constraints mount in the market. Traders should monitor how this will affect energy stocks and related sectors, as well as broader geopolitical developments.
- ADNOC reportedly informed some Asian refiners that it may begin delivering Upper Zakum crude via a new pipeline to the Fujairah terminal in early 2027, allowing shipments to bypass the disrupted Strait of Hormuz, according to Bloomberg
- US White House says the oil agreement with Venezuela will deliver a total of 65bln barrels
- Syria and Iraq discuss exporting Iraqi oil via the Baniyas pipeline
- UAE’s Sharjah temporarily closes all its beaches as a precautionary measure after an oil spill, according to a statement
- Russian Deputy PM Novak says they are open to work with US partners on energy, but there are no current discussions around a return to specific projects
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