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• As supply worries are stoked by tensions between Russia and Ukraine, oil prices rise

  The price of oil rose on Tuesday, as fears about disruptions in supply grew due to an escalation in the conflict between Russia & Ukraine. Brent crude rose 40 cents or 0.59% to $68.55 per barrel at 0149 GMT. U.S. West Texas intermediate crude was up $1.05 or 1.64%, and it was $65.06 per barrel. Due to Labor Day in the U.S., WTI futures didn't settle on Monday. According to calculations, recent Ukrainian drone attacks have shut down facilities that account for at least 17% or 1.1 millions barrels of oil processing capacity in Russia. After weeks of increased attacks on Russian energy resources, Ukraine's president Volodymyr Zelenskiy announced Sunday that Ukraine is planning new deep-into-Russia strikes. Three-and-a-half-years into the war, Russia and Ukraine have both intensified airstrikes in recent weeks. Russia has attacked Ukraine's transport and energy systems while Ukraine has targeted Russian oil refineries. "Ongoing risks remain high to the energy infrastructure in Russia." "Ongoing risks to energy infrastructure in Russia remain high," Daniel Hynes, senior commodities strategist at ANZ said on Tuesday. China's vision of "a new world order" may increase geopolitical tensions. During a Monday summit with the leaders of Russia, India and China, Chinese President Xi Jinping pushed his vision for a "new global order" that prioritizes the "Global South", as a direct challenge against the U.S. China and India are two of the largest buyers of Russian crude oil, which is the second-largest exporter in the world. Trump imposed tariffs on India but not China over the purchases. Investors are now waiting for a meeting between members of the Organization of the Petroleum Exporting Countries (OPEC) and their allies to take place on September 7, in order to get any clues about future output increases from the group. (Reporting by Anjana Anil in Bengaluru; Editing by Muralikumar Anantharaman)

• As supply worries are stoked by tensions between Russia and Ukraine, oil prices rise

  Early Tuesday morning, oil prices in Asia rose as fears about disruptions to supply grew due to an escalation in the conflict between Russia & Ukraine. Brent crude rose 20 cents or 0.29% to $68.35 a bar by 0039 GMT. U.S. West Texas intermediate crude was $64.82 a bar, up 81cents or 1.27%. Due to Labor Day in the U.S., WTI futures didn't settle on Monday. According to calculations, recent Ukrainian drone attacks have shut down facilities that account for at least 17% or 1.1 millions barrels of oil processing capacity in Russia. After weeks of increased attacks on Russian energy resources, Ukraine's president Volodymyr Zelenskiy announced Sunday that Ukraine is planning new deep-into-Russia strikes. In the last few weeks, both Russia and Ukraine intensified their airstrikes after three and a half war years. Russia has attacked Ukraine's transport and energy systems while Ukraine has attacked Russian oil refineries. "Ongoing risks remain high to the energy infrastructure in Russia." "Ongoing risks to energy infrastructure in Russia remain high," Daniel Hynes, senior commodities strategist at ANZ said on Tuesday. China's vision of "a new world order" may increase geopolitical tensions. During a Monday summit with the leaders of Russia, India and China, Chinese President Xi Jinping pressed for a "new global order" that prioritizes the "Global South", as a direct challenge against the U.S. China and India are two of the largest buyers of Russian crude oil, which is the second-largest exporter in the world. Trump has imposed tariffs on India but not China over the purchases. Investors are now waiting for a meeting between members of the Organization of the Petroleum Exporting Countries (OPEC) and their allies to take place on September 7, in order to get any clues about future output increases from the group. (Reporting by Anjana Anil in Bengaluru; Editing by Muralikumar Anantharaman)

• Drone attacks on Russian energy sites

  According to calculations, recent Ukrainian drone attacks have shut down facilities that account for at least 17% or 1.1 millions barrels per day of Russia's oil-processing capacity. The following is a list of recent attacks on energy sites in Russia. Russia is one of the largest energy producers in the world. SYZRAN REFINERY The Ukrainian military confirmed that there was an August fire at the Syzran Oil Refinery in the Samara Region. This refinery had a processing capability of 8.5 millions tonnes per year. On August 15, the military confirmed that they had hit the Syzran refinery. According to two sources in the industry, Syzran's oil refinery has suspended its production and crude intake. KRASNODAR REGION REFINERIES The Kyiv military reported multiple explosions, and an fire, at the Krasnodar refinery, located in southern Russia, which produces three million tonnes of light oils per year. Authorities reported on August 13 that a small fire started by debris from a drone destroyed was quickly put out at the Slavyansk refinery. No injuries were reported. The Afipsky oil refinery in Krasnodar region was also affected by a fire caused by drone debris on August 7. However, the extent of damage is not yet known. A drone attack caused debris to fall on the Ilsky oil refinery located in Krasnodar, Russia. UST-LUGA Russia's Ust-Luga Two industry sources said that the Baltic Sea Oil Export Terminal will be operating at 350,000 barrels a day, or half its normal capacity, in September due to damage caused by Ukrainian drone attacks on pipeline infrastructure. DRUZHBA PIPELINE Hungary and Slovakia The Druzhba pipeline, built by the Soviets, was cut off following the Ukrainian military attack on the Unecha oil Pumping station in Russia Bryansk Region . The Ukrainian military said that on 13 August, its drones had also struck the Unecha Pumping Station. A large fire and damage were reported. The crude flow through the Druzhba system was not affected. NOVOSHAKHSTINSK An industrial site, which houses an oil refinery in the southern Russian city of Novoshakhtinsk, was hit by a drone, causing a fire, according to authorities in August. VOLGOGRAD RIFINERY The Ukrainian military announced on August 14, that its drones hit a Russian refining plant in the Volgograd Region causing massive fires. Two sources with knowledge of the situation said that the Volgograd refinery was shut down following drone attacks. In February, a drone attack forced the refinery operated by Lukoil to stop operations for about a week. SARATOV REFINERY Ukraine reported that it had attacked an oil refinery located in Russia's Saratov Region by drone overnight on 10 August, causing an explosive fire and explosion. However, the extent of damage is unclear. Saratov refinery had to stop fuel production in February after a drone attack. SOCHI OIL DELIVERY A Ukrainian drone strike on August 3, caused two oil tanks at an oil depot to catch fire in Sochi, southern Russia. The blazes, however, were extinguished later, according to local authorities. NOVOKUIBYSHEVSK REFINERY The primary oil processing at the Russian Novokuibyshevsk Refinery, operated by Rosneft oil company, has been stopped since August 2, following an attack on a Ukrainian drone in the week prior, according to two industry sources. RYAZAN REFINERY According to three sources in the industry, a drone attack by Ukraine on 2 August halted about half of the refinery's capacity. The Ryazan oil refinery has been hit several times. The refinery was forced to stop operations in late January and February after drone strikes. Reporting and Editing by Guy Faulconbridge, Sharon Singleton

• Caspian Pipeline Consortium reports that two of the three Black Sea oil moorings have been operational

  Caspian Pipeline Consortium, which handles around 1.5% of the global oil, announced on Monday that it has brought back one of its Black Sea docking points after maintenance following an accident at another loading point last week. CPC, which is mainly carrying oil from Kazakhstan, has confirmed that mooring point SPM 1 and SPM 3 are currently operational. This latter has been under maintenance since August 15 Last Friday, the consortium announced that it had halted operations at SPM 2 after an oil spill occurred during a loading process. CPC operates with two moorings and uses the third one as a backup. CPC's shareholders, including U.S. giants Chevron, Exxon Mobil and others, have been in the spotlight on several occasions during the Russia-Ukraine conflict. Due to storms, unplanned maintenance and oil spills the consortium had to close all of its moorings points except one several times by 2022. This severely reduced exports along this route. This year's operations were also disrupted by a Ukrainian Drone strike. (Reporting and editing by Mark Trevelyan; Reporting by Vladimir Soldatkin)

• A Canadian energy executive is tasked with accelerating project approvals

  Canada appointed Dawn Farrell, a senior executive in the energy industry on Friday as head of a new office that will expedite the approval and review of natural resource projects like mines and pipelines. This process can take up to a decade. The office was announced by the Prime Minister Mark Carney earlier this year. He said that streamlining would boost the gross domestic product, and offset the impact of U.S. Tariffs. Farrell and her team, which includes Farrell who served as CEO of Trans Mountain Pipeline between 2022 and 2024, will identify projects that are in the national interest, and they will help accelerate their development. Carney's Office said that this should allow major projects to be approved in two years or less. The construction of major infrastructure projects has been held up by inefficient and lengthy approval processes for far too long. This has left huge investments on the table. Farrell's office is located in Calgary, Canada's oil capital. Ottawa has not yet designated any projects of national importance. The Canadian Association of Petroleum Producers stated that Farrell's nomination and the creation of this office were "concrete measures towards making Canada an Energy Superpower and sending a positive message to industry and investors." Farrell was CEO of Trans Mountain from 2012 to 2021. She oversaw the completion of a multi-billion dollar expansion in capacity of the pipeline. She served as CEO of TransAlta, a utility company, from 2012 until 2021. (Reporting and editing by Richard Chang; David Ljunggren)

• Caspian Pipeline suspends second mooring after accident

  The Caspian Pipeline Consortium announced on Friday that it had suspended operations at the second mooring after an accident occurred during a loading procedure and an oil spill was discovered at its Black Sea Terminal. CPC, which exports more than 1% global oil, mainly from Kazakhstan, via Russia and Black Sea terminal. It deploys normally three moorings points, one of which is used as a backup. CPC, which is owned by U.S. oil giants Chevron, Exxon Mobil and others, has confirmed that SPM-1 mooring point is still operational. CPC has been the center of attention since Russia's conflict with Ukraine. The consortium had to close all but one of their mooring points in 2022 because damage was affecting exports. This year, the company's operations were also disrupted by various factors. Drone strike Black Sea CPC blend oil exports to Russia from the CPC terminal were set at 1,66 million barrels a day for August (Reporting by Vladimir Soldatkin Editing by Ros Russell and Louise Heavens) (Reporting and Editing by Ros Russel and Louise Heavens.

• Prices of oil fall due to demand concerns, but are still heading for a weekly gain

  The oil prices dropped on Friday, but they are expected to rise for the week. This is due to the expectation of lower demand, as the summer ends in the United States - the largest consumer of oil - and the uncertainty over the Russian supply. Brent crude futures expiring on Friday fell by 53 cents (0.8%) to $68.09, while the contract that is more active for November dropped 48 cents (0.7%) to $67.50. West Texas Intermediate crude futures (WTI) were down 51 cents or 0.8% at $64.09. Brent is expected to gain 0.6% per week, while WTI will rise by 0.8%. Prices rose after the Ukrainian attack on Russian oil export facilities earlier this week, and after German Chancellor Friedrich Merz announced on Thursday that there would be no meeting between Russian president Vladimir Putin and Ukrainian president Volodymyr Zelenskiy. Prices have been impacted by the fact that the U.S. summer driving period is ending with Labor Day on Monday, and the availability of more supplies from major producers after the voluntary output reductions are over. We expect a rise in global oil stocks in the coming months due to a combination of OPEC+'s rising supply and a seasonal drop in global refining activities from September. In a note, Commonwealth Bank of Australia commodities analysts Vivek Dhar and Vivek Agar predicted that Brent oil futures would fall to $63/bbl by Q4 2025. The U.S. is worried that the U.S. could respond to the Russian attack on Kyiv, the Ukrainian capital early Thursday morning which killed 23 people. Investors are reluctant to make large investments because of uncertainty over U.S. and European sanctions following Russia's attack on Ukraine and the possible impact of U.S. Tariffs on India. Investors will also be watching India's response after Trump imposed tariffs of up to 50% on Indian imports, which doubled the U.S. pressure to stop buying Russian crude oil. Traders said that despite the pressure from the United States, Russian oil exports will continue to increase to India in September. Refining sources say that Saudi Arabia, which is the world's largest oil exporter, could cut crude oil prices in October for Asian buyers due to a glut of oil and a weaker demand. The Druzhba Pipeline, which supplies Russian crude oil to Hungary and Slovakia via the Druzhba Oil Terminal, has been restored after a disruption caused by an attack on Russia by Ukraine last week. (Reporting and editing by Yuka Obayashi, Sudarshan Varadan and SonaliPaul)

• Prices of oil fall due to demand concerns but are headed for a weekly gain

  The oil price fell on Friday, but is expected to rise for the week. This is due to the expectation of lower demand from the U.S.A., which is the largest oil consumer in the world, and the uncertainty surrounding the Russian supply. Brent crude futures expiring on Friday fell by 50 cents (0.7%) to $68.12 while the contract that is more active for November dropped 46 cents (0.7%) to $67.52. West Texas Intermediate crude futures (WTI) were down 45 cents or 0.7% at $64.15. Both benchmarks rose on Thursday. Brent is expected to gain 0.6% this week, while WTI will rise by 0.8%. Prices rose earlier this week following the Ukrainian attack on Russian oil export facilities, but dropped dramatically as the market anticipated the end to the summer driving demand in the U.S. with Labor Day on Monday. Also, as major producers began to increase their output after the voluntary production cuts ended. Hiroyuki Kikakawa, the chief strategist at Nissan Securities Investment (a division of Nissan Securities), said that concerns about the U.S. driving season ending after Labour Day holiday had weighed on the markets. Investors are still hesitant to make large investments because of the uncertainty over U.S. and European sanctions on Russia after its attack on Ukraine and about possible U.S. Tariffs on India. Sources said that following the Ukrainian attack on Russia's Ust-Luga Terminal, its main export location on the Baltic Sea of its Urals crude oil, operations will be reduced by half in September, to approximately 350,000 barrels per daily, The U.S. is worried that the U.S. could respond to the Russian attack on Kyiv, the Ukrainian capital early Thursday morning which killed 23 people. Investors will also be watching India's response after Trump increased tariffs by up to 50% on Indian imports, following his Wednesday announcement that he would no longer buy Russian oil. Traders said that despite the pressure from the United States, Russian oil exports will continue to increase to India in September. Refining sources say that Saudi Arabia, which is the world's largest oil exporter, could cut crude oil prices in October for Asian buyers due to a glut of oil and weak demand. The Druzhba Pipeline, which supplies Russian crude oil to Hungary and Slovakia via the Druzhba Oil Terminal, has been restored after an interruption caused by an attack on Russia by Ukraine last week. (Reporting and editing by Christian Schmollinger; Yuka Obayashi)

• US FAA to close satellite offices Washington

  The U.S. Federal Aviation Administration (FAA) plans to cancel the leases of its satellite offices located in the Washington, D.C. area. It will consolidate operations and move headquarters staff into the building housing the U.S. Transportation Department. FAA Administrator Bryan Bedford stated in an email previously unseen by staff that this move would improve the collaboration. Bedford wrote, "We'll work more efficiently together than if we were spread out over six different offices." This will reduce operating costs significantly and improve collaboration. Bedford announced that the dates of the office moves will be finalized soon. USDOT announced on Tuesday that it would relocate thousands of FAA workers from its headquarters in Washington to the main office of the department. It also plans to consolidate other agency systems and IT. USDOT is a group of agencies that includes the FAA. The Department plans to relocate several thousand employees who work in the Orville and Wilbur Wright Headquarters buildings to its department headquarters located southeast Washington. The question remains as to how many FAA departments -- possibly purchasing, IT and human resources -- will be merged into USDOT, and whether the consolidation will lead to workforce reductions. Nearly 53,000 employees work for USDOT. The FAA is the largest department. This week, Transportation Secretary Sean Duffy informed employees that the department would begin retiring legacy systems in order to embrace advanced technologies and "streamline processes, consolidate administration functions, and modernize infrastructure" as part of its efforts to "modernize our infrastructure, streamline our processes, and consolidate our administrative functions." Duffy stated that the FAA building was in a serious state of disrepair. Employees were unable to drink the water. Duffy told reporters that it was important to have all the employees working together under one roof. He suggested that some FAA employees may not want to move and "become an entity unto themselves, not responsive to anyone in government." The Trump administration is consolidating office space and reducing the federal workforce. (Reporting and editing by David Shepardson)

• Druzhba restarts as the end of driving season approaches

  The oil prices fell on Thursday due to the lower demand for fuel in the United States at the end the summer travel period and the restarting of Russian oil supplies through the Druzhba Pipeline. Brent crude futures dropped 46 cents or 0.7% to $67.59 at 12:04 pm. ET . U.S. West Texas Intermediate crude futures (WTI) were down 57c, or 0.9% at $63.58 per barrel. The long Labor Day weekend in the United States ends summer driving. The U.S. gasoline demand is expected to fall, even though crude oil supplies are rising due to OPEC+'s plan to increase September output by 547,000 bpd. Ritterbusch and Associates stated in a report that the mismatch would cause oil inventories rise. They said that as the summer fades into the fall and the gasoline demand drops, refiners will switch to the cheaper winter grade product. After a disruption caused by an attack on Russia by the Ukrainians last week, Russian crude oil supplies to Hungary have resumed through the Druzhba Pipeline. This was announced Thursday by MOL (Hungarian Oil Company) and Slovakia's Economy Minister. After President Donald Trump doubled the tariffs on Indian imports, they could reach 50%. Tony Sycamore, IG's market analyst, said that India is likely to continue buying crude oil from Russia in the near future. This should help limit the impact of new tariffs on the global supply. Official data released on Wednesday showed that U.S. crude inventory levels fell more than anticipated last week. This was a sign of a strong demand and helped to support prices. The data released on Wednesday led to a 1% increase in both crude benchmarks. Russia and Ukraine also intensified their attacks on the energy infrastructure of each other. Ukraine officials reported that Russia had launched a massive drone strike on the energy and gas transportation infrastructure in six Ukrainian regions over night, Wednesday. The attack left more than 100,000 Ukrainians without electricity. (Additional reporting from Sam Li in Beijing, Siyi Liu and David Gregorio in Singapore. Editing by Louise Heavens and Ros Russell)

• White House dismisses Surface Transportation Board member who regulates railroads

  A White House spokesman confirmed that Robert Primus was fired as a Surface Transportation Board member. He did not agree with the agenda of U.S. president Donald Trump, the spokesman added. White House spokesperson Kush Desai stated that Robert Primus was fired from his post because he did not agree with President Donald Trump's America First agenda. The Administration plans to nominate in a short time new members who are more qualified to the Surface Transportation Board. Trump is purging bureaucrats from agencies that are not in line with his agenda. The railway regulators are evaluating the proposed $85 billion merger between Union Pacific and Norfolk Southern. Primus said earlier that he had rejected an email sent by the White House that terminated his position. He deemed it to be "legally invalid", and that "it would weaken the Board, and adversely impact the freight rail system in a manner that could ultimately harm consumers and the economy." In a social media post, he stated, "With all this in mind, my plan is to continue to discharge the duties I have as a Board member and, if prevented from doing so I will explore my options in court." The White House statement didn't address the proposed merger, or the legal questions surrounding termination. Surface Transportation Board has not responded to an earlier request for comments. Trevor Hunnicutt, Harshita Menaktshi and Mark Porter edited the article.

• Sources: Dos Bocas refinery in Mexico is offline due to a power outage

  By Shariq Khan August 27th - Mexico's 340,000-barrel-per-day Dos Bocas refinery has been offline since Monday due to a power outage at the plant, two sources familiar with the matter told . One source said that the refinery (also known as the Olmeca refinery) will try to restart its units on Thursday. Pemex, the Mexican state-owned energy company, did not respond when contacted for comment. Olmeca, Mexico's latest refinery, has increased operations in the last few months, after years of delays and spiraling startup costs. However, it is still far from reaching its full capacity. According to the latest official figures, the refinery received 156,265 barrels per day of crude oil, which is less than half of its capacity. According to the data, in July the refinery produced 57,275 barrels per day of gasoline and about 76,980 barrels per day of diesel. (Reporting from Shariq Khan, New York; Additional Reporting by Ana Isabel Martinez; editing by Leslie Adler & Mark Porter)