Oil Prices Surge as Russia Strikes Ukrainian Energy Facilities…….. Ukrainian power plants damaged by Russian assault

Russia has targeted Ukranian energy facilities in an overnight attack with long-range precision weapons, Russia’s Defense Ministry said on Friday.  “Last night, the Russian Armed Forces delivered a combined strike by air-launched, seaborne and ground-based long-range precision weapons, including Kinzhal aero-ballistic hypersonic missiles, and also by unmanned aerial vehicles against energy facilities and air defense sites of the Ukrainian army. The goals of the strike were achieved. All the targets were struck,” The ministry said.  Ukraine’s largest power provider, DTEK, said that three of its thermal power stations were targeted in the overnight attacks. According to the Ukrainian military, the attack included dozens of missiles and at least 60 explosive drones—all aimed at energy infrastructure. Ukraine said that 84 of 99 missiles were shot down, but the late-night attacks did manage to damage Ukraine’s energy assets in six separate regions, some of which triggered emergency shutdowns. The Russian attacks on Ukraine’s energy infrastructure come after Ukraine stepped up its drone attacks on Russian refineries in recent weeks, reducing Russia’s overall refinery capacity and cutting into Russia’s refinery output, including gasoline and diesel production for its own domestic market. The United States had urged Ukraine to stop its attacks on Russia’s refineries on concerns that any Russian retaliation could result in a spike in crude oil prices. Rising crude oil prices, which lead to higher gasoline prices, are problematic for sitting U.S. presidents in election years.  Earlier this week, Russia attacked an underground natural gas storage site in Ukraine, but the attack did not disrupt supply.

Ukrainian power plants damaged by Russian assault

Thermal and hydroelectric power plants in central and western Ukraine were damaged by a Russian overnight assault, Ukrenergo, the country’s electricity transmission system operator reported in a post on Telegram on Friday. “During the combined attack, energy facilities were hit again. Thermal and hydroelectric power plants in the central and western regions were damaged,” the report stated. DTEK Holdings Limited, Ukraine’s largest private energy firm, shared that its equipment was “seriously” damaged in the attack. According to the company’s statement, one engineer was injured. Earlier, Russian forces launched an assault aimed at infrastructure sites near the central Ukrainian city of Dnipro.