Tanks belonging to Transneft, a Russian state-owned company that operates the country's oil pipelines, at the Ust-Luga oil terminal. Oil prices rose Monday after Ukraine reportedly attacked a major Russia fuel terminal over the weekend, raising renewed concerns about supply disruptions. The Ust-Luga facility on the Baltic Sea exports 1.35 million barrels per day of crude oil, fuel and refined products, according to data from Kpler. "The Ukrainian drone attack on the Baltic port raises the question: Is this going to be a policy decision by Ukrainians to attack Russian oil infrastructure? OPEC, on the other hand, has presented a stronger outlook with oil demand forecast to grow by 2.2 million barrels per day, while production outside OPEC will grow by 1.3 million barrels per day.
