Click Here for 150+ Global Oil Prices
Start Trading CFDs Over 2,200 Different Instruments
Click Here for 150+ Global Oil Prices
Click Here for 150+ Global Oil Prices
Start Trading CFDs Over 2,200 Different Instruments
Click Here for 150+ Global Oil Prices
Click Here for 150+ Global Oil Prices
Start Trading CFDs Over 2,200 Different Instruments
Click Here for 150+ Global Oil Prices
Click Here for 150+ Global Oil Prices
Start Trading CFDs Over 2,200 Different Instruments
Click Here for 150+ Global Oil Prices
France’s Power Sector Further Strained By Extended Outages And Repairs
Russian gas flows to Europe…
Saudi Aramco is reducing its…
Charles is a writer for Oilprice.com
An oil depot in Russia near the border with Ukraine caught fire early on Monday, and another site, a military one, was also on fire, Russian authorities and media report.
Authorities in Russia said they would investigate the cause of the fire at the oil storage site in the city of Bryansk, which is 154 kilometers (96 miles) northeast of the border with Ukraine.
Footage shared on social media showed a fire at a huge oil storage tank. The oil storage facility is owned by Russia’s pipeline company Transneft.
According to Reuters, there has not been an initial indication that the fires—or what some unverified social media posts say were explosions—were related to Ukraine.
Scott Rose, Editor for Bloomberg, tweeted that Russian state TV had reported explosions in Bryansk, saying that the first was at a civilian facility holding around 10,000 tons of fuel, while the second fire occurred 10 to 15 minutes later at a military depot with around 5,000 tons of fuel. There has been no word on either the cause of the fires or casualties, Bloomberg’s Rose said.
The regional branch of Russia’s Ministry of Emergencies told state-run Russian news agencies that there were no casualties in the fires and there were no plans to evacuate residents, The Moscow Times reports.
According to Steve Rosenberg, Russia Editor for BBC News, Russia 24 state TV channel reported on the fire this morning without speculating on the cause. Local state TV GTRK Bryansk reports that another fuel tank is on fire “at a military unit.”
Meanwhile, U.S. Secretary of State Antony Blinken and Defense Secretary Lloyd Austin visited Ukraine and met with Ukraine’s President Volodymyr Zelenskyy early on Monday in the highest-level visit to Kyiv by U.S. officials since Russia invaded Ukraine at the end of February.
“Russia is failing, Ukraine is succeeding,” Secretary Blinken said after the visit.
By Charles Kennedy for Oilprice.com
More Top Reads From Oilprice.com:
Join the discussion | Back to homepage
India’s Crude Oil Import Bill Doubles
India’s Crude Oil Import Bill Doubles
Charles is a writer for Oilprice.com
Diesel In ‘Crisis’ Mode As Prices Break Records
Rystad: Oil Demand To Sink By 1.4 Million Bpd
The U.S. Has Lost Its Position As The World’s Top LNG Exporter
U.S. Fuel Exports Are Draining Domestic Diesel And Gasoline Supplies
Europe Buys Abu Dhabi Crude To Replace Russian Barrels
Why Are Big Oil Execs Dumping Millions Of Dollars Worth Of Stock?
Is Global Oil Production Growing Fast Enough?
Can Washington Regain Influence On The World Stage?
Are China And Russia Teaming Up To Challenge U.S. Space Dominance?
The materials provided on this Web site are for informational and educational purposes only and are not intended to provide tax, legal, or investment advice.
Nothing contained on the Web site shall be considered a recommendation, solicitation, or offer to buy or sell a security to any person in any jurisdiction.
Trading and investing carries a high risk of losing money rapidly due to leverage. Individuals should consider whether they can afford the risks associated to trading.
74-89% of retail investor accounts lose money. Any trading and execution of orders mentioned on this website is carried out by and through OPCMarkets.
Merchant of Record: A Media Solutions trading as Oilprice.com