Overnight, Russian attacks in Ukraine kill four and injure ten people, say officials

Related News

• Sources: Nayara refinery in India sells its gasoline to Russia through traders

  Two sources who have direct knowledge of this matter confirmed on Thursday that traders had sold Nayara Energy gasoline to Russia. The country is currently experiencing fuel shortages due to Ukrainian attacks on the energy infrastructure. On Wednesday, it was reported that Russia began seaborne imports from India of gasoline without naming the supplier. Nayara has not responded to an email sent by? Nayara did not respond to an email from?Einen seeking comment. Rosneft, the Russian oil giant, owns a 49 percent stake in Nayara. Hardeep Singh Puri, Indian Oil minister, said at a media briefing on Thursday that Indian companies "were not" selling fuel to Russia. However, it was "possible", if Russia bought fuel of Indian origin from traders. Since the European Union sanctions of last July, which made it difficult to pay customers and suppliers, Russia-backed refiner Nayara relies on traders for its crude imports and refined fuel exports. Vadinar, a refinery that processes 400,000 barrels of oil per day in western India, has been processing only Russian crude since the sanctions. According to an industry source, it was reported that at least 60,000 tons of gasoline were?sent? from India to Russia. Another source said two tankers containing?30,000-40,000 tons had been sent. The tanker invoice that was seen on Thursday indicated that the vessel Agni - loaded with gasoline from Vadinar - sailed to Fujairah in June '20. However, LSEG tanker information showed that this vessel flying the flag of Cameroon had passed past Fujairah heading north and that it was now in Suez.

• Overnight, Russian attacks in Ukraine kill two and injure eight, according to officials

  In the early morning hours of Friday, Russian officials said that two people had been?killed? and eight others injured? in overnight attacks on Ukraine. Oleh Hryhorov is the head of the regional military authority. He said that Russian drones struck a private home in the Sumy region. Two people were killed, and one was injured. Oleksandr ilkul, head of the city defence council, confirmed that seven people were injured in the central ukranian city of Kryvyi Rih. This is the hometown of President Volodymyr Zelenskiy. On Friday, Kyiv will observe a day of mourning after nearly 'three dozen people were killed in the deadliest Russian attack against?the Ukrainian capital this year. (Reporting from Jekaterina Glubkova, Tokyo; Editing Stephen Coates).

• Sources: Nayara refinery in India sells its gasoline to Russia through traders

  Two'sources' with first-hand knowledge of the situation said that traders have sold Nayara Energy gasoline to Russia. The country is currently experiencing fuel shortages due to Ukrainian attacks on its energy infrastructure. On Wednesday, it was reported that Russia began seaborne imports from India of gasoline. The supplier wasn't named. Nayara has not responded to an email seeking comment. Rosneft, the Russian oil giant, owns a 49% stake. Hardeep Singh Puri, the Indian Oil Minister, said at a media briefing on Thursday that Indian oil companies did not sell fuel to Russia. However, it was "possible", that Russia bought fuel of Indian origin from traders. Since the European Union sanctions of last July, Russia-backed refiner Nayara has relied on traders to import and export refined fuels. Since the sanctions, Nayara has only been able to process?Russian crude oil at its Vadinar refinery located in western India. According to an industry source, the report on Wednesday stated that at least 60,000 metric tonnes of gasoline were sent from India to Russia. Another source said that two tankers carrying between 30,000 and 40,000 tons had been sent. A tanker invoice seen on Thursday shows that the vessel Agni, loaded with 'gasoline from Vadinar,' sailed 'for Fujairah?on June 20, despite LSEG tanker data showing that the Cameroon flagged vessel had passed past Fujairah heading north and was in Suez.

• Sources say that Russia purchases gasoline from India in order to combat shortages

  Two industry sources confirmed on Wednesday that Russia began importing gasoline by sea from India in an effort to reduce fuel shortages caused by Ukrainian attacks against its energy infrastructure. Fuel shortages have been felt in all 11 time zones of Russia, with long queues and record gasoline prices. The Kremlin announced on Tuesday that Russia is in contact with other nations and discussing the importation of fuel at reasonable prices. The Indian oil ministry and the Russian energy ministry have not responded to requests for comment. A source in the industry said that at least 60,000 tons of gasoline were shipped?from India into Russia. Two tankers with parcels ranging from 30,000 to 40 000 tons were reported by another source. According to a third source, Russia intends to import 400,000 tonnes of gasoline each month from different countries, including Belarus, who has been exporting fuel already to Russia. In the summer, when fuel demand is high, Russia consumes at least 110,000 tons of gasoline per day. There is no information on which refinery in India will supply gasoline to Russia. At a Sunday meeting with government officials and other officials, President Vladimir Putin acknowledged that Ukrainian drone attacks on oil refineries caused fuel shortages in certain regions. He said that Russia is dealing with the situation. Belarus nearly tripled its gasoline rail supplies to Russia in the first six months of June, compared to the first six months of May. This is according to calculations. Last week, Russia's Parliament approved changes to its tax code to combat?fuel shortages caused by?Ukrainian drone attacks. Subsidies on fuel imports are also offered, based on Indian delivery costs and price. India's crude imports from Russia soared to a new record in June. Ship tracking data from LSEG - and Kpler - showed that refiners bought Russian barrels as a way to offset the effects of the Strait of Hormuz closing on other sources of supply. Kpler data shows that Russian oil made up?more than 50% of India's total imports in June, up from 36.5% a year earlier. India, the third largest oil importer in the world, received approximately 2.70 million barrels of oil per day from Russia, according to preliminary data from Kpler & LSEG. Alexander Smith, Reporting and Editing

• Russell: Crude oil imports to Asia from the ROI grew in June, but there is still uncertainty.

  Asia's crude oil imports by sea rose slightly in June, but they remained near their lowest levels?in over a decade due to the Iran conflict which crimped Middle East shipments. Data from commodity analysts Kpler show that the top importing region is expected to receive 20,71 million barrels of oil per day in June. This is up a fraction from the 20.39 million barrels of oil per day in May and almost 2 million more than the 18,77 million bpd received in April. The imports of Asia remain well below the average 26.79 millions bpd for the three-month period prior to the United States' and Israel's attacks on Iran on February 28. The war resulted in a closure of the Strait of Hormuz - the narrow waterway that connects Iran and Oman, through which 20% of crude oil and refined products were transported before the conflict. The United States and Iran agreed to a 60-day truce that was to result in the full reopening the Strait. However, vessel movements are still well below the pre-war level due to Iranian attacks against?some ships. The Strait of Hormuz has seen a recent increase in crude volumes, but Kpler estimates that only 2.79 millions bpd of oil will have been exported in June. This is up from 881,000 barrels per day in May, but still less than a fifth of what was averaged for the three-month period prior to the beginning of the conflict, which was 15.58 million barrels per day. Unresolved is the question of whether or not crude exports to the Middle East can return to their pre-war level, and?if so, how long it will take. SEE SOLUTION FOR PRICES Brent futures contracts ended at $73.15 per barrel on Monday. This is only slightly more than the $72.48 close on February 27th, the day before hostilities began. The prices of refined products in Asia are a little different. They remain above the pre-war level as refiners process expensive crude bought from outside the Middle East during the height of the conflict. Singapore gasoil (the building block of?diesel) ended Monday at $111.15 per barrel, up by 22% since the February 27 close price of $91.42. Gasoline On Monday, oil finished at $100.42 per barrel. This is a 26.6% increase from the $79.30 it was on February 27. As more crude oil arrives in Asia, it is likely that the price of refined products will fall in the coming weeks. How quickly the import volume returns to pre-conflict levels will determine how much of a difference there is. The Strait of Hormuz is still a wildcard, with Iran determined to exert control in spite of the opposition of the Trump administration, Gulf crude exporters like Kuwait, Saudi Arabia, and the United Arab Emirates, and even the United States. Tanker owners and insurers will continue to be concerned about possible attacks, causing uncertainty over the safety of the Strait. What China does over the next few months is another wildcard. By reducing imports dramatically, the world's biggest crude importer has averted the negative impact of restricted oil flows through the Strait of Hormuz. Kpler predicts that China's seaborne imports will be only 5.80 million bpd, down from 6.80 million in May, the two weakest months since November 2015. The average seaborne imports of China for the three-month period prior to the conflict was 11.39 millions bpd. With crude prices now back where they were prior to the start of the war, China's refiners are likely to once again begin buying cargoes. However, these will not be delivered until August. The level of uncertainty on the crude oil market in Asia is still high. Will the crude market tighten if China returns to buying the same volume of crude as it did prior to the Iran War, particularly if the Strait Of Hormuz flows do not increase as much as futures markets appear to expect? What will happen to the crude supply when the current influx of stockpile releases from countries like the United States and Japan stops? The crude oil market has so far shown remarkable adaptability and resilience in the face the disruption brought on by the Iran War. It is unclear whether this trend will continue. You like this column? Check out Open Interest, your new essential source of global financial commentary. ROI provides data-driven, thought-provoking analysis on everything from soybeans to swap rates. The markets are changing faster than ever. ROI can help you keep up. Follow ROI on LinkedIn, X. These are the views of the columnist, an author for.

• Officials say that three people were killed in an attack by Russia on eastern Ukraine

  Regional officials reported that three people were killed by Russian attacks on Thursday, in different parts of eastern Ukraine. According to Oleksandr Hanzha, the Governor of Dnipropetrovsk Region, one?person was killed in a series of?? attacks around the town of Nikopol. This is a Russian target that lies on the other side of the Dnipro River, opposite the Russian-held Zaporizhzhia nuclear power plant. Three people were injured. Hazna said that a seven-year old child was killed in an attack, and two more children were injured farther?northeast at the town of Synelnykove. Vadym Fillashkin, the governor of?Donetsk, the focal point of many clashes along 1,250 km (750 miles) of front line, said that Russian forces dropped seven bombs in the town of Oleksandrivka. One person was killed and two others were injured. The head of the Donetsk Region, who is based in Moscow, said that one person was killed southwest of Donetsk. Officials appointed by Moscow said that a Ukrainian drone attack on a minibus inflicted nine injuries. It was impossible to independently verify the accounts of either side. (Reporting and editing by Stephen Coates; reporting by Ron Popeski)

• Danish brewer Carlsberg files IPO for India unit

  The Danish brewer, Carlsberg, has filed a confidential application for an IPO of its Indian operations, the company announced on Thursday. It joins a growing number of multinationals seeking to tap India's booming equity markets. The 'confidential - route allows companies to keep the IPO filings they make with the country’s markets regulator secret until the launch. Two sources familiar with the matter said that Carlsberg India's planned listing would not raise new capital, but it would allow its parent company to sell a portion of its stake. The brewery is a fully owned subsidiary of Carlsberg Group. This move is part of a trend where multinationals are turning to Indian equity market to monetise?investments rather than raising fresh capital. Hyundai Motor and LG Electronics both sold stakes via Indian IPOs attracted by the?relatively higher market valuations. Mikkel Emil Jensen, an analyst at AL Sydbank, said that listing the Indian business would 'unlock shareholder value for Carlsberg by?a higher separate valuation, as well as providing access to local financing for expansion, and help the brewer lower debt. Carlsberg's shares rose 2.5% by 0855 GMT. The planned IPO is also a test of India's capital market, which has cooled down in recent months following the U.S./Israeli war against Iran that rattled global markets. The second half of this year looks to be a busy one, with IPOs by Jio Platforms, and the National Stock Exchange of India. Jio's $3.8 billion listing could be India's largest ever, and NSE's much-anticipated debut is expected to rank among the biggest. In a statement, the company stated that regulatory approvals and market conditions will determine how quickly and when Carlsberg India's planned IPO proceeds. Bloomberg News, citing earlier sources, reported that the IPO could take place this year. (Reporting and editing by Sonia Cheema, Emelia Sithole Matarise and Emelia Rumney; Additional reporting and editing by Emma Rumney and Mridula Kumra)

• Kyrgyzstan seeks help from neighbours to meet fuel shortages in Russia

  Kyrgyzstan, which was concerned about possible fuel shortages due to Ukraine's drone strikes against Russian refineries, asked Kazakhstan, Belarus and Azerbaijan to help ensure stable fuel supplies on Wednesday evening. The 7-million-strong Central Asian nation imports 90% of its fuel from Russia. Russia is also experiencing acute fuel shortages due to the Ukrainian strikes on energy infrastructure. Last week, Russian President Vladimir Putin stated that Moscow may ban diesel exports due to the growing domestic shortages. The Kyrgyzstan energy ministry released a statement saying that "to ensure sustainable fuel supply, official requests were sent to the government authorities of?Russian Federation?, the Republic of Kazakhstan?, the Republic of Belarus?, the Republic of Azerbaijan?, the Republic of Uzbekistan?, and Turkmenistan?." Fuel stocks are sufficient, and deliveries are going as planned, according to the ministry. Kyrgyz officials introduced price controls on some retail fuel sales in June. The Kyrgyzstan oil traders association also reported that some filling stations are experiencing a'shortage of AI-95 gas,' although stocks of the'more commonly used AI-92 grade are sufficient for 30 to 40 days. Diesel fuel is still available, which is critical for the harvesting season. Since the '2022 invasion of Ukraine Kyrgyzstan, like other Central Asian countries, has experienced periodic 'inflationary shocks. It is also a major clearinghouse for Russian trade redirected by Western sanction. Reporting by Aigerim Turgunbaeva. Writing by Felix Light & Louise Heavens

• Gold prices rise on weak oil and soft US jobs data

  Gold prices rose on Thursday due to softer than expected jobs data, and lower oil prices. The market is now looking forward to the U.S. payrolls release today for new clues about the Federal Reserve. As of 0251 GMT on Tuesday, spot gold was up 0.7% at $4,057.92 an ounce after reaching its highest level since the previous session. U.S. gold for August delivery fell 0.3% to $4,070.10. Bullion ?hovered close to a more than seven-month low on Wednesday before closing higher at $4,029.89, after private payrolls data came ?in softer-than-expected. Nicholas Frappell is the global head of institutional market at ABC Refinery. He said, "The market is cautious about shorting down here, because you see a few probes on the 'downside' that are being quickly rejected." Frappell said that "ADP data was a little bit lower than forecast. This probably explains the gold's rally, as some people think the data will be reflected in the non-farm payrolls." ADP's national employment report shows that private employment increased by 98,000 jobs in June, after a 122,000-job increase unrevised in May. The ADP national employment report showed that economists polled had predicted private employment to increase by 118,000. Kevin Warsh, Federal Reserve chair, said that inflation risks and expectations have decreased in recent weeks. He also reiterated the Fed's commitment to bring inflation to its 2% target. According to the CME FedWatch Tool, traders are pricing in a roughly 64% chance that a rate hike will occur in September. Investors will be watching for the non-farm payroll data due later today to get more clues about the Fed's policy. The oil prices dropped after Iran and the United States ended a round of indirect negotiations on Wednesday. They focused on 'the Strait of Hormuz but made few progresses toward a lasting agreement. A stronger labor market and increased oil prices can fuel fears of inflation and interest rates that are higher for longer. Gold is traditionally viewed as a hedge against inflation. However, in an environment of high interest rates it becomes less attractive as a non yielding asset. Silver spot rose by 1.6%, to $60.06 an ounce. Platinum gained 2%, to $1.607.67. Palladium increased 1.4%, to $1.227.13. (Reporting and editing by Rashmi aich in Bengaluru, Ronojoy Mazumdar, and Pablo Sinha from Bengaluru)

• Ukraine calls for the publication of Irish investigation on alumina exports as soon as possible

  On a Wednesday visit to Dublin, Ukraine President Volodymyr Zelenskiy demanded that Ireland complete an investigation to determine if Irish alumina exported to Russia is being used to make weapons-grade aluminium. Ireland has been under increasing pressure in recent weeks because of its Aughinish Alumina Plant, Europe's biggest refinery for alumina (a feedstock used to produce aluminium). It continues to send the material to Russia where it can be used to produce aluminium for military equipment and weapons. Dublin has ordered an investigation into alumina exports and defended an EU decision not to include the plant in Russian sanctions packages. The facility, located in southwest Ireland, is an important part of EU supply chains. "We are grateful that Ireland is conducting an investigation into the matter." Zelenskiy said that he hoped for a positive outcome for the country and that he hoped we wouldn't need to wait for months before we got it. "Every tonne raw material that ends in Russia is used to our detriment," he said. In its 21st set of sanctions, the EU didn't include any alumina exports from Ireland to Russia or mention Rusal's Irish plant. Kaja Kallas, the EU's chief of foreign policy, said that future sanctions could include a limit on Irish alumina exports to Russia. Martin, who invited Zelenskiy, to Dublin, for the start of Ireland's six month term as rotating president of the EU, said that the investigation was close to completion and Dublin will discuss it with European Commission once finalised. Martin stated that "we do not want to be in a situation?where materials from an Irish plant go to support the Russian War Machine."

• Sources say that Kazakhstan has agreed to provide 50,000 tonnes of gasoline to Russia

  Four industry sources reported on Wednesday that Kazakhstan agreed to provide 50,000 metric tonnes?of fuel to Russia as humanitarian assistance in July and August. Russia has been stricken by fuel shortages, long queues and soaring gasoline and diesel prices over the last few weeks, as Ukraine has attacked Russian energy infrastructure, including oil refineries, to undermine Moscow's funding for war efforts. Sources in the industry have said earlier that Russia began importing gasoline from India. In summer, the?Russians consume at least 110,000 tonnes of gasoline per day. Vladimir Putin said that Ukraine is trying to create discord among the Russians. He also admitted that strikes had triggered fuel shortages in various Russian regions, but that Russia was addressing them. According to sources, the refineries of Pavlodar in Kazakhstan and Kondensat in Kazakhstan will provide gasoline Ai-95 or Ai-92. In an emailed statement, the Kazakhstani energy ministry said that it had not received any request from state entities in Russia regarding fuel supplies as humanitarian assistance. It has also not ruled out supplying from the Kondensat oil refinery, which processed naphtha supplied by Tatneft, the Russian oil major. The availability of petroleum products on Kazakhstan's national market will determine whether or not motor gasoline can be supplied to Russia in the near future. The report added that "if such supplies are discontinued, motor gasoline will be produced from feedstock supplied by Tatneft in Russia." Sources said sanctions against Ukraine could also complicate payments and supplies. (Reporting and Editing by Elaine Hardcastle).

• VEGOILS - Palm up on a soft ringgit, but weaker rival oils and crudes cap gains

  Malaysian palm futures closed higher on Wednesday after the previous session?declined?. The ringgit was softer, but weaker crude oil and competing edible oils limited gains. The benchmark palm oil contract for September delivery at the 'Bursa Malaysia derivatives Exchange' rose by?11 Ringgit or 0.24% to 4,557 Ringgit ($1,113.64). A Kuala Lumpur based trader stated that the market had been supported earlier by a recovery in rival soyoil and a slightly lower ringgit during the morning Asian session. The palm ringgit's currency has weakened by 0.24% against dollars, making it cheaper for buyers of foreign currencies. Prices of soyoil on the Chicago Board of Trade fell by 0.66%. Dalian's palm oil contract lost 0.59%, while the most active soyoil contract fell by 0.32%. As palm oil competes to gain a share in the global vegetable oil market, it tracks the price movement of its rival edible oils. Crude Oil fell by more than 1%, as the U.S. and Iran continued to negotiate a final deal that would end their war. The market was waiting for the U.S. data on stock drawdowns. Palm oil is less appealing as a biodiesel feedstock due to the weaker crude oil futures. A trade ministry regulation revealed that Indonesia set its crude palm oil reference price at $1,090.90 per tonne for July. As part of the country's push to achieve energy independence, B50 fuel, which is a mixture of 50% palm-based and 50% conventional diesel will be available on Wednesday. Analysts say that the low oil prices and more expensive palm oil are threatening its viability. ($1 = 4.0920 ringgit) 1 Please enter the?codes between brackets to view freight rates for?Peninsula Malaysia/Sumatra from China, India, Pakistan, and Rotterdam. Double-clicking on the bracketed?codes will show terminal users the cash and futures?prices for edible oil. To move to the next page, press F12. To go back, hit F11. 1