Hungary Says Russia’s Druzhba Oil Flows Continue After Strike

Ukraine has confirmed it conducted attacks on Rosneft PJSC’s Syzran refinery and a small port on the Azov Sea, marking a significant escalation in its military operations against Russian energy infrastructure. This move is part of a broader strategy to undermine Russia's oil industry amid ongoing hostilities.

Russian President Vladimir Putin assured Indian Prime Minister Narendra Modi of uninterrupted oil shipments from Russia during their meeting in Delhi, emphasizing the resilience of India-Russia ties against external pressures, particularly from the United States.

Oil prices have remained steady as peace talks between Russia and Ukraine have stalled, raising concerns about the ongoing conflict's impact on oil supply stability. The lack of progress in negotiations has left traders apprehensive about future developments in the market.

Oil prices have maintained a two-day gain as investors assess the ongoing ceasefire talks in Ukraine and the implications of a growing surplus in the market. This stability follows a period of volatility influenced by geopolitical tensions surrounding the conflict between Ukraine and Russia.

Russian President Vladimir Putin has arrived in India for discussions with Prime Minister Narendra Modi, marking their first meeting since the onset of the Ukraine conflict. The talks aim to enhance economic ties, particularly in defense and energy sectors, amidst ongoing geopolitical tensions.

Oil prices have settled higher amid expectations of a Federal Reserve rate cut and stalled peace talks regarding the ongoing conflict in Ukraine. The market reacted to the uncertainty surrounding the geopolitical landscape, particularly concerning oil supply stability.

Oil futures have risen as the ongoing conflict in Ukraine shows no signs of resolution, coupled with expectations that the Federal Reserve will cut interest rates next week to bolster economic growth. This combination has led to increased optimism in the oil markets.

Oil futures have increased as the ongoing conflict in Ukraine shows no signs of resolution, coinciding with expectations that the Federal Reserve will cut interest rates next week to support economic growth. This combination has led to a positive outlook in the oil markets.