Overview

• Industry sources told Reuters that Transneft has limited producers’ use of its pipeline storage and warned it may accept less oil if damage grows, a claim the company dismissed as fake.
• Ukraine’s weekend attack forced a major processing unit at the 355,000 bpd Kirishi refinery to shut, with officials reporting fires that were later contained and no injuries.
• Kyiv said its forces struck Rosneft’s Saratov refinery overnight, reporting explosions and a fire near the site while assessing the extent of damage.
• Baltic exports remain strained after strikes on Primorsk damaged two Aframax tankers, Kusto and Cai Yun, and onshore equipment, with partial operations and loading delays reported; Ust-Luga is still below full capacity.
• Analysts estimate roughly 300,000 bpd of Russian refining capacity is offline, reports of fuel shortages and higher retail prices have spread inside Russia, and crude benchmarks ticked higher on supply risk.