Crude Oil Edges Up on Sep 15 as Ukraine Strikes Russian Energy Sites

Ukrainian drone attacks on Russian oil infrastructure raise concerns over global energy markets. Investors remain cautious amid US-China trade discussions and the Federal Reserve’s upcoming policy meeting.

Oil Prices Remain Stable Amid Ukraine Attacks

Oil prices showed little movement on Monday as markets digested the impact of Ukrainian drone strikes on Russian refineries, which could disrupt crude and fuel exports.

Brent crude edged up 3 cents to $67.02 a barrel, while U.S. West Texas Intermediate rose 8 cents to $62.77. Both benchmarks had gained over 1% last week following Ukraine’s intensified attacks.

Key Russian Facilities Hit

Ukraine targeted Primorsk, Russia’s largest oil export terminal, capable of loading 1 million barrels per day, and the Kirishi refinery, which processes 17.7 million metric tons annually, about 6.4% of Russia’s crude output.

As per news reports these attacks signal a growing willingness to disrupt international oil markets, potentially driving prices higher.

Russia Maintains Production

Despite a drone strike on a Bashkortostan oil company, regional authorities confirmed production would continue. The attacks highlight ongoing pressures on Russia’s energy sector.

Geopolitical Pressure on Russia

US President Donald Trump reiterated his readiness to impose sanctions on Russia, criticising Europe for insufficient measures, signalling escalating pressure on Russian energy exports.

Global Economic Watch: Trade and Fed

Investors are also monitoring US-China trade talks in Madrid, where discussions focus on China’s oil purchases from Russia and potential tariffs.

Last week’s weaker US job data and rising inflation have raised growth concerns, even as the Federal Reserve prepares for its September 16-17 policy meeting, where a rate cut is expected.

Read More: ONGC to Keep Buying Russian Oil if Profitable, Says Chairman.

Conclusion

Global energy markets remain on edge as Ukraine’s attacks on Russian oil infrastructure, US-China trade negotiations, and the Federal Reserve’s upcoming policy decisions all intersect. While crude prices have stayed relatively steady, investors are closely monitoring these developments for potential shifts in supply, demand, and geopolitical dynamics.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.