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The Russian oil company Bashneft has installed anti-drone nets to protect key facilities at its refineries from a possible attack by Ukraine. Source: Radiy Khabirov, the head of the Republic of Bashkortostan (Russia), as reported by Reuters Details: Russian companies that sell such defence show on their websites large metal nets, almost completely covering the buildings of oil refineries from all angles.
The International Energy Agency (IEA), following the United States, has stated that attacks by Ukrainian drones on Russian oil refineries risk destabilising global oil markets. Source: Bloomberg Details: Ukrainian drones have intensified attacks on Russia's oil industry since the beginning of the year, aiming to disrupt fuel supplies to the military and limit the Kremlin's revenue.
In response to a question about the Ukrainian Armed Forces' attacks on Russian refineries, Pentagon spokesman Pat Ryder stated that the United States is solely focused on transferring assistance to protect Ukraine.
Russian oil companies are experiencing difficulties repairing refineries due to Western sanctions, and attacks by Ukrainian drones may exacerbate their problems. Source: European Pravda; Reuters When engineers at Russian oil company Lukoil discovered a turbine failure at its largest refinery on 4 January, they quickly realised that the problem was far from trivial, Reuters says.
Oil prices continued to climb on Tuesday morning, with Brent nearing the $90 mark as geopolitical risk and supply issues boosted bullish sentiment.