Oil price news: Oil extends gains on China data and Russian refining attacks

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Oil climbed to a four-month high as key Chinese economic data beat estimates, while Ukrainian drone attacks on Russian refineries heightened geopolitical risks.

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Oil price news: Oil extends gains on China data, attacks on Russian refineriesOil hit a fresh four-month high as Chinese economic data beat expectations, and Ukrainian drone attacks on Russian refineries heightened geopolitical risks.
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China Set for Record Russian Oil Imports in March, Kpler SaysChina is on track to import a record amount of Russian crude this month, bolstered by large volumes of Sokol oil which have been shunned by India due to concerns over US sanctions, according to Kpler.
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Second Russian tanker, hit by sanctions, docks at Chinese port to discharge crudeChina has become the top lifter of light sweet Sokol crude after shipments to India fell following payment and shipping issues due to sanctions
Source: globeandmail - 🏆 5. / 92 Read more »

What continued drone strikes on Russian oil refineries could mean for war with UkraineIn this photo taken from video released by the Telegram channel of Bryansk Gov. Alexander Bogomaz on Friday, Jan. 19, 2024, oil tanks are seen on fire after the drone attack in Klintsy, a city in Russia’s Bryansk region, about 60 kilometers (40 miles) from the Russia-Ukrainian border.
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Oil prices underpinned by US inventory data, attacks on Russian refineriesOil extended gains in Asian trade on Thursday after a surprise drop in U.S. crude stockpiles indicated strengthening demand, while possible supply...
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More Russian Oil Refineries Are Attacked by Ukrainian DronesMore Russian oil refineries were attacked by drones on Saturday, the latest in a series of strikes on energy facilities, many of them deep within Russia.
Source: BNNBloomberg - 🏆 83. / 50 Read more »