Russia's Kirishi oil refinery (355k-400k BPD) has stopped oil processing following Ukrainian drone attacks, according to reports
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Russia's Kirishi oil refinery (355k-400k BPD) has stopped oil processing following Ukrainian drone attacks, according to reports
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Context
The shutdown of the Kirishi oil refinery due to Ukrainian drone attacks marks an escalation in the conflict that could tighten supply in the oil market and affect energy prices. Given the refinery's capacity, this disruption could support higher crude prices, impacting related commodities and currencies, particularly those of major oil-exporting nations. Traders should monitor for ripple effects across risk assets and consider possible safe-haven flows into gold and the USD.
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