Summary: Ukraine struck Russia’s western energy infrastructure, hitting the Primorsk crude terminal (≈1 mb/d capacity) and the Kirishi refinery (≈355 kb/d). Oil prices ticked higher—Brent in the $67 area, WTI around $63—as traders weighed disruption risk versus an expected surplus.
What happened
Drones set fires at Primorsk and briefly ignited units at Kirishi; loadings at Primorsk partially resumed after checks. Analysts said sustained targeting of export terminals and big refineries would tighten near‑term balances despite OPEC+’s modest hikes.
Why it matters
- Supply security: Primorsk is Russia’s main western outlet; disruptions spill into European products and Baltic shipping.
- Macro link: Energy shocks shape inflation and rate‑cut pacing into Q4.
Key facts
- Primorsk capacity ≈1 mb/d; Kirishi ≈355 kb/d.
- Prices: Brent ≈$67; WTI ≈$63 during Monday trading after the strikes.
- Partial resumption at Primorsk reported after checks.
What to watch
Repair timelines; insurer and shipper risk premia on Baltic routes; any enforcement steps that tighten Russian exports further.