attacks on Russian ships provoked an increase in oil prices – Kommersant
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Prices for oil products of world brands Brent and West Texas Intermediate (WTI) continue to grow against the backdrop of attacks on Russian ships, writes Bloomberg. Futures for US WTI oil rose to almost $83 per barrel. The price of Brent oil has almost overcome the bar of $87 per barrel.
Attacks on Russian sea vessels had a significant impact on the growth in the cost of oil products, the agency writes. August 4 due to the attack of a sea drone hole received Russian tanker “Sig” in the Kerch Strait. On the same day, according to the Russian Ministry of Defense, the Armed Forces of Ukraine tried attack the naval base of Novorossiysk with two unmanned sea boats.
Bloomberg notes that attacks on Russian ships jeopardize the supply of not only oil products, but also grain across the Black Sea. This route, according to the agency, accounts for 15% to 20% of the oil supplies that OPEC + sells daily on world markets.
“The attack by a Ukrainian maritime drone on a Russian tanker over the weekend is indeed causing some concern in a market that is already facing supply cuts,” Vandana Hari, founder of energy market intelligence firm Vanda Insights, told the agency.
Since the beginning of the week, the price of Brent has increased by 1.5%, WTI – by 1.8%. The day before, both varieties have risen in price after the announcement of the intention of Saudi Arabia to extend the voluntary cut in oil production by 1 million b/d. Also Russia informed on the extension of the reduction in exports by 300 thousand b/d.
Also Ukrainian drone attacks raised the price of wheat.
More details – in the material “Kommersant” “Debarrelization Operation”.
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