A pivotal shift occurred overnight on July 14–15, 2026. Ukraine struck the Gazprom Neftekhim Salavat refinery in Bashkortostan — previously Russia’s last major untouched gasoline production facility — along with the Afipsky refinery in Krasnodar Krai. Drones traveled over 1,500 km to hit primary processing units at Salavat, igniting fires and knocking out its full […]
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The Refining Capacity Shortage and Demand Destruction Quest Brent crude oil prices surged more than 3% today, breaking above $86 per barrel (reaching $86.06 in early London trading). This extends a sharp ~12% rally since Friday, driven by escalating geopolitical risks across key oil chokepoints and infrastructure. The immediate spark came from Iranian cruise missile […]
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Beijing has directed at least two major Chinese refineries to maintain or even increase processing rates to ensure adequate domestic supplies of gasoline, diesel, and other fuels. This comes amid renewed threats to crude shipments through the Persian Gulf tied to the ongoing Iran conflict, according to people familiar with the matter cited by Bloomberg […]
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Russia’s domestic fuel shortage has escalated dramatically in July 2026, moving beyond diesel queues at gas stations to kerosene shortages, grounded or limited flights, and export bans on key refined products. Ukrainian drone strikes on refineries and the shadow fleet tankers are removing substantial refined product supply from both domestic and global markets. This is […]
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Ukraine’s Unmanned Systems Forces have intensified their campaign against Russia’s “shadow fleet” of tankers, claiming strikes on approximately 15 additional vessels in a recent operation focused on the Sea of Azov. This follows a multi-day drone offensive from July 6–9, 2026, that reportedly hit 35–36 ships total (with later updates to 36 vessels, including 32 […]
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In a major overnight operation, Ukrainian drone forces struck eight Russian “shadow fleet” tankers in the Sea of Azov that were delivering fuel to occupied Crimea. The attack, described by Ukrainian commanders as achieving “industrial-scale results,” marks the latest and most concentrated blow in Kyiv’s sustained campaign to disrupt Russia’s energy exports and logistics supporting […]
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Putin admitted Russia is experiencing fuel shortages and long lines at gas stations, while insisting the situation remains manageable. Ukrainian drone attacks on refineries, pipelines, and oil terminals have forced fuel restrictions across numerous Russian regions. Moscow is considering a diesel export ban and prioritizing fuel supplies for agriculture as it seeks to stabilize the […]
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This is from an X Post from Jack Prandelli, The Merchant’s News Substack. This is an excellent observation on how the oil markets are changing in real time. I also did not have on my bingo card that North Korea would have benefited from the Ukraine/Russia War, but here we are. Story 1: India just […]
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Occupation authorities have halted fuel sales to private individuals and businesses, reserving supplies for government agencies and essential services. Ukrainian forces have intensified attacks on fuel depots, transport routes, and oil infrastructure supplying Crimea and southern Russia. The fuel shortage is disrupting Crimea’s tourism-dependent economy and exposing growing vulnerabilities in Russian logistics. Russian-installed authorities in […]
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ENB Pub Note: This is an interesting article from Andrew Korybko’s Newsletter on Substack. Times are changing fast, and the trading blocs are in a full change mode. Trump believes that it’s now possible to obtain the “holy grail” that eluded the US even during the heyday of its unipolar hegemony in the 1990s due […]
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