Ukraine Strikes Bashneft Refineries as Russia Attacks Power Grid

On the night of October 30–31, 2026, Ukrainian long-range drones struck the Bashneft refining complex in Ufa, in Russia’s Republic of Bashkortostan, roughly 1,400–1,600 kilometers from the front lines. The attack came as Russian forces simultaneously hit Ukrainian energy infrastructure, leaving hundreds of thousands of households without power as winter approaches.⁠Bloomberg⁠Kyivpost Bloomberg reported that Ukraine […]

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Russia Says Three Diesel Tankers Are Headed for the U.S. The Two We Can Name Carry About 410,000 to 430,000 Barrels, Less Than 3 Hours of American Demand

Moscow says three cargoes are on the water under the Trump-Putin diesel deal. Diesel is $6.34 a gallon, up $2.70 in a year, and Russia’s drone-battered refineries are the real bottleneck. Why Russia has so little to sell Russia has about 6.5 million barrels a day of installed refining capacity across 32 major refineries, but […]

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President Trump Signs Executive Order Waiving Key Russian Sanctions and Tariffs Under the Graham Act, Helping Keep Oil Flowing

On October 16, 2026, President Donald Trump signed an executive order implementing the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026 while simultaneously waiving most of its new sanctions, restrictions, and duties. The move, taken under the Act’s national-interest waiver authority (Section 115), came just days before the measures were set to take […]

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Oil Over $100 as Markets Struggle to Balance Amid Tanker Attacks and Shipping Disruptions

Brent crude settled at $109.86 per barrel on Friday, October 16, after touching $110 intraday—the highest since May—while WTI closed at $101.41. The move capped a week of gains driven by persistent supply risks from the ongoing U.S.-Iran conflict (now approaching eight months), Russian-Ukrainian strikes on energy infrastructure, Houthi activity, and a sharp acceleration in […]

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