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Geopolitics · ▲ Bullish · 2 sources confirmed · 2026-09-29 06:03 UTC

Putin Tightens Secrecy Around Russia’s Oil Flows as Ukraine Strikes 45% of Refining Capacity

Why now

Thesis: Supply disruption risk supports crude prices

Catalyst to watch: Further strikes or Russian export data

Main risk: Demand weakness could offset supply loss

Why it matters

Ukrainian strikes on Russian refining plus tighter secrecy around flows reduce visible supply and raise disruption risk.

Related assets & topics

OilGeopolitics

Sources

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