Russia’s Novo-Ufimsk oil refinery (122k BPD capacity) has reportedly shut its primary distillation unit following Ukrainian drone attacks on Thursday, Reuters reports
The shutdown of Russia's Novo-Ufimsk oil refinery due to Ukrainian drone attacks signifies escalated geopolitical tensions, which could impact oil supply.
Israeli PM Netanyahu says in recent days they have damaged around 70% of Iran's steel production capacity
[REPOST] Newsquawk Preview: US Nonfarm Payrolls due Friday 3rd April at 13:30BST/08:30EDT
Russia’s Novo-Ufimsk oil refinery (122k BPD capacity) has reportedly shut its primary distillation unit following Ukrainian drone attacks on Thursday, Reuters reports
White House releases fact sheets for President Trump's FY27 budget request; budget seeks USD 1.5tln for defence, a nearly 40% increase from current spending, 10% cut in non-defence FY27 discretionary spending and USD 2.2tln for government agencies
Chinese Vice Premier meets Canadian Finance Minister in Beijing, Xinhua reports; Canada has agreed to hold economic dialogue in H2 of this year
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This disruption might drive up crude prices, impacting related commodities and currencies. Traders should monitor energy markets and potential risk-off sentiment as investors respond to heightened uncertainty.
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