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Russia predicts oil prices could surpass $150. Ukraine's attack on Russia's second-largest refinery is shaking the global energy market. On March 26 and 27, 2026, Ukrainian drones struck the Kirishi refinery in the Leningrad region for two consecutive nights. This massive facility accounts for 6.6% of Russia's total refining capacity. The attacks caused fires in the main processing units and storage tanks. The refinery was completely shut down. The repair time is uncertain.
The Kirishi refinery was not the only target. In recent weeks, Ukraine has also attacked the Primorsk and Ust-Luga oil terminals on the Baltic Sea. These attacks have crippled a significant portion of Russia's oil export capacity. According to experts, 40% of shipments via the Baltic Sea have been affected. While Russia diverts energy revenues to its war budget, Ukraine is making strategic moves to cut off this flow.
In light of these developments, Russian experts and officials state that oil prices could exceed $150 in the coming weeks. Brent crude oil has already climbed above $100. Tensions in Iran and global supply shortages are also pushing prices higher. Russia plans to ban gasoline exports from April 1st to control fuel prices in the domestic market. This step is being taken to both meet domestic demand and protect stocks.
The attacks are directly hitting the Russian economy. Oil and petroleum product exports are Moscow's largest source of foreign exchange. The shutdown of refineries like Kirishi is leading to both production and export losses. Ukraine, on the other hand, aims to weaken Russia's war financing with these operations. Global markets are uneasy. Analysts say that if supply disruptions continue, prices could climb to $150 or even $200.
These events mark a new phase of the energy war. While Ukraine is striking Russia's most critical facilities with long-range drones, Russia is trying to maintain its traditional advantages. However, each new attack further increases tensions in the oil market. Warnings are being issued that the rise in world energy prices could bring inflation and an economic slowdown.
In conclusion, Russia's $150 oil price forecast is not an empty prediction. The repeated attacks on Ukraine's Kirishi refinery have concretized the global supply risk. Markets are closely watching these developments. A potential surge in energy prices could have critical consequences for both the Russian and global economies.
#OilPricesResumeUptrend
#CreatorLeaderboard
$XTIUSD $XBRUSD
Russia predicts oil prices could surpass $150. Ukraine's attack on Russia's second-largest refinery is shaking the global energy market. On March 26 and 27, 2026, Ukrainian drones struck the Kirishi refinery in the Leningrad region for two consecutive nights. This massive facility accounts for 6.6% of Russia's total refining capacity. The attacks caused fires in the main processing units and storage tanks. The refinery was completely shut down. The repair time is uncertain.
The Kirishi refinery was not the only target. In recent weeks, Ukraine has also attacked the Primorsk and Ust-Luga oil terminals on the Baltic Sea. These attacks have crippled a significant portion of Russia's oil export capacity. According to experts, 40% of shipments via the Baltic Sea have been affected. While Russia diverts energy revenues to its war budget, Ukraine is making strategic moves to cut off this flow.
In light of these developments, Russian experts and officials state that oil prices could exceed $150 in the coming weeks. Brent crude oil has already climbed above $100. Tensions in Iran and global supply shortages are also pushing prices higher. Russia plans to ban gasoline exports from April 1st to control fuel prices in the domestic market. This step is being taken to both meet domestic demand and protect stocks.
The attacks are directly hitting the Russian economy. Oil and petroleum product exports are Moscow's largest source of foreign exchange. The shutdown of refineries like Kirishi is leading to both production and export losses. Ukraine, on the other hand, aims to weaken Russia's war financing with these operations. Global markets are uneasy. Analysts say that if supply disruptions continue, prices could climb to $150 or even $200.
These events mark a new phase of the energy war. While Ukraine is striking Russia's most critical facilities with long-range drones, Russia is trying to maintain its traditional advantages. However, each new attack further increases tensions in the oil market. Warnings are being issued that the rise in world energy prices could bring inflation and an economic slowdown.
In conclusion, Russia's $150 oil price forecast is not an empty prediction. The repeated attacks on Ukraine's Kirishi refinery have concretized the global supply risk. Markets are closely watching these developments. A potential surge in energy prices could have critical consequences for both the Russian and global economies.
#OilPricesResumeUptrend
#CreatorLeaderboard
$XTIUSD $XBRUSD
