Largest aerial barrage since invasion as Ukraine targets Moscow oil refinery

  • Ukraine targeted a major oil refinery in Moscow and other locations across Russia with over 150 drones
  • Russia’s defense ministry confirmed intercepting or shooting down the drones in 15 regions
  • Explosions were seen at the Gazprom-owned refinery, but no casualties reported
  • Ukraine has increased its drone attacks on Russian energy facilities in recent months
  • Damage to Russian infrastructure may disrupt fuel supplies and impact global prices

Ukraine has stepped up its drone attacks on Russian energy infrastructure, targeting a major oil refinery in Moscow and other locations across the country. Russia’s defense ministry confirmed that over 150 drones were fired at targets in 15 regions, with at least one detonating at a Gazprom-owned refinery in Moscow. The attacks come as Ukraine seeks permission to use longer-range missiles provided by Western allies to target deeper into Russian territory. As Ukraine’s forces consolidate control over seized land, Russia continues its advance in eastern Ukraine.

Factuality Level: 7
Factuality Justification: The article provides a detailed account of recent military actions between Ukraine and Russia, including specific incidents and statements from officials. However, it contains some elements of bias, particularly in the framing of Ukraine’s actions as justified and the portrayal of Russian actions. Additionally, while the article includes some unverifiable claims (e.g., videos of explosions), it largely avoids sensationalism and maintains a focus on factual reporting.·
Noise Level: 7
Noise Justification: The article provides a detailed account of recent military actions between Ukraine and Russia, including specific incidents and statements from officials. It offers insights into the implications of these attacks on energy infrastructure and military logistics, which are relevant to understanding the ongoing conflict. However, while it presents factual information, it lacks deeper analysis of long-term trends or systemic vulnerabilities, and it does not significantly hold powerful individuals accountable or explore broader consequences.·
Public Companies: Gazprom (GAZP), Lukoil (LKOH)
Key People: Sergei Sobyanin (Moscow Mayor), Volodymyr Zelensky (Ukrainian President), Rustem Umerov (Defense Minister)


Financial Relevance: Yes
Financial Markets Impacted: Russian energy facilities and fuel exports
Financial Rating Justification: The article discusses Ukraine’s increased drone strikes on Russian energy infrastructure, including oil refineries owned by Gazprom and Lukoil. These attacks have caused damage severe enough to prompt monthslong repairs and disrupted Russia’s fuel supply, which is crucial for its war effort. The attacks have contributed to a rise in global diesel and gasoline prices this year.
Presence Of Extreme Event: Yes
Nature Of Extreme Event: Armed Conflicts and Wars
Impact Rating Of The Extreme Event: Major
Extreme Rating Justification: The article describes a significant escalation in military actions between Ukraine and Russia, including a recent Russian glide-bomb strike on a residential area in Kharkiv that resulted in at least six deaths and nearly 100 injuries. This indicates a severe impact on civilian life and infrastructure.·
Move Size: No market move size mentioned.
Sector: Energy
Direction: Down
Magnitude: Large
Affected Instruments: Stocks, Commodities

Reported publicly: www.wsj.com