Overview

• Russia’s pipeline operator has limited storage on its network and told producers it may accept lower volumes following recent strikes, industry sources told Reuters.
• A drone attack shut a key processing unit at the 355,000 bpd Kirishi refinery and disrupted the Primorsk terminal, where two Aframax tankers — Kusto and Cai Yun — were reported damaged and loadings delayed.
• Primorsk can handle about 1 million barrels per day, raising the risk of reduced Baltic shipments as Ust-Luga also remains partly impaired from an earlier strike.
• Oil rose on Tuesday with Brent settling at $68.47 and WTI at $64.52, while U.S. diesel futures climbed about 2.5% on expectations of tighter middle-distillate supply.
• President Donald Trump renewed pressure on European buyers to stop taking Russian oil and signaled readiness for sanctions, as Treasury Secretary Scott Bessent said further tariffs on China would hinge on European action.