UKRAINE CRISIS: ENERGY IMPACT

Ukraine has hit more Russian refineries and is threatening to target more crude oil export facilities.

The Ukrainian attack on the Primorsk terminal in the Gulf of Finland, Russia’s largest crude export outlet, jolted oil markets on Friday.

A permit for Nord Stream 2 gas pipeline repair work expires this month, a Danish Energy Agency spokesperson tells Energy Intelligence.

Crude futures rose on Monday after Opec-plus agreed on a smaller-than-anticipated production increase for October.

Geopolitical risk is adding a substantial premium to front-month crude oil futures, despite concerns about oversupply.

The face of India's purchases of Russian crude is changing amid continued US pressure and a growing divide between state and private refiners.

The EU is struggling to juggle internal opposition to a Russian gas phaseout with mounting pressure from the US over its energy transition.

Russia would welcome the supermajor back, and the Trump administration has talked up possible US-Russia cooperation, but the Ukraine conflict remains an obstacle.

Washington's limited response to Chinese companies buying sanctioned Russian LNG opens the door to a looser supply picture into 2026.

Europe used to get most of its diesel imports from Russia and now lies at the center of a complex global web of replacement flows.