Close Menu
  • News
  • Stocks
  • Bonds
  • Commodities
  • Collectables
    • Art
    • Classic Cars
    • Whiskey
    • Wine
  • Trading
  • Alternative Investment
  • Markets
  • More
    • Economy
    • Money
    • Business
    • Personal Finance
    • Investing
    • Financial Planning
    • ETFs
    • Equities
    • Funds

Subscribe to Updates

Get the latest markets and assets news and updates directly to your inbox.

Trending Now

QNB Signs Definitive Agreement, Finalizes Terms for Biofuel and Hydrogen Technology

July 8, 2025

Renewable energy missing out on AI boom despite fuelling the trend

July 8, 2025

Asara Resources: Advancing the Next West African Gold Camp

July 8, 2025
Facebook X (Twitter) Instagram
Facebook X (Twitter) Instagram
The Asset ObserverThe Asset Observer
Newsletter
LIVE MARKET DATA
  • News
  • Stocks
  • Bonds
  • Commodities
  • Collectables
    • Art
    • Classic Cars
    • Whiskey
    • Wine
  • Trading
  • Alternative Investment
  • Markets
  • More
    • Economy
    • Money
    • Business
    • Personal Finance
    • Investing
    • Financial Planning
    • ETFs
    • Equities
    • Funds
The Asset ObserverThe Asset Observer
Home»Stocks
Stocks

Ukraine hits Russia’s Volgograd oil refinery in latest drone attack- source By Reuters

News RoomBy News RoomFebruary 3, 2024
Share
Facebook Twitter LinkedIn Pinterest Email

© Reuters.

By Tom Balmforth

KYIV (Reuters) -Two Ukrainian attack drones struck the largest oil refinery in southern Russia on Saturday, a source in Kyiv told Reuters, detailing the latest in a series of long-range attacks on Russian oil facilities.

Local authorities in Russia said earlier that a fire had been extinguished at the Volgograd refinery following a drone attack. Oil producer Lukoil, which owns the refinery, later said the plant was working as normal.

The Kyiv source said the operation by the SBU security service struck the primary processing facility, without which the refinery could lose significant production capacity.

Ukrainian officials seldom take responsibility publicly for deep strike attacks on Russian territory.

The Volgograd refinery is the latest in a series of facilities to be targeted by drones. Kyiv sees such infrastructure as important for the Kremlin’s war effort.

The source told Reuters such drone attacks would continue.

“By hitting oil refineries working for the Russian military-industrial complex, we not only cut off the logistics of fuel supplies for enemy equipment, but also reduce funds into the Russian budget,” the source said.

The distance between the northeastern Ukrainian city of Kharkiv near the Russian border and the southern Russian city of Volgograd is more than 600km.

Russia has been conducting regular long-range missile strikes on targets in Ukraine since the beginning of its full-scale invasion, prompting Kyiv to scramble for ways to close the gap on Moscow’s more advanced military technology.

Ukraine has sought to spur innovation in drone technology and to support the production of long-range drones to allow it to strike back.

Read the full article here

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Keep Reading

Ulta Beauty is starting to separate itself from the competition, analyst says

OPEC+ to boost oil production even more than expected in August

A new crypto frontier is emerging on Wall Street, beyond bitcoin and ether. But here are the risks.

The wrong kind of Fed rate cuts are coming, says JPMorgan. What that means for stocks, bonds and the dollar.

What drove stock market’s record-breaking week? Don’t overlook growing rate-cut expectations.

Nike’s stock is headed for a ‘swoosh’-shaped recovery after years of pain, analyst says

20 banks expected to increase their dividends the most following the Fed’s stress tests

Office-furniture maker Steelcase cut jobs in the first quarter. And more cuts could be coming.

Does Nike need to look to the ’90s to make a comeback? Wall Street braces for potentially ‘painful’ earnings, awaits stock to bottom out.

Recent Posts
  • QNB Signs Definitive Agreement, Finalizes Terms for Biofuel and Hydrogen Technology
  • Renewable energy missing out on AI boom despite fuelling the trend
  • Asara Resources: Advancing the Next West African Gold Camp
  • How Does the Economy Impact the Art Market?
  • Prospect New Orleans Will Not Mount Next Edition in 2027

Subscribe to Newsletter

Get the latest markets and assets news and updates directly to your inbox.

Editors Picks

Renewable energy missing out on AI boom despite fuelling the trend

July 8, 2025

Asara Resources: Advancing the Next West African Gold Camp

July 8, 2025

How Does the Economy Impact the Art Market?

July 8, 2025

Prospect New Orleans Will Not Mount Next Edition in 2027

July 8, 2025

Bayeux Tapestry to return to UK for first time in almost 1,000 years – The Art Newspaper

July 8, 2025
Facebook X (Twitter) Instagram
© 2025 The Asset Observer. All Rights Reserved.
  • Privacy Policy
  • Terms
  • Press Release
  • Advertise
  • Contact

Type above and press Enter to search. Press Esc to cancel.