August 25, 2025
Crude oil prices increased in the global commodity market, in the early hours of Monday as concern over supply emerged following Ukraine’s drone attacks on energy infrastructure belonging to Russia.
Brent crude rose by 0.07% from the previous $67.32 to close at $67.37 per barrel.
The US benchmark West Texas Intermediate, WTI, tripped 0.08% to $63.71 from $63.66 in the prior trading.
Russian plant’s press service said early Sunday, that a Ukrainian drone had triggered a fire outbreak at it Kursk Nuclear Power Plant after being downed overnight, damaging a transformer and forcing a 50% reduction in output at one of its reactors.
READ MORE; OPEC+ Hints On Raise In Oil Output By 547,000 bpd In September.
The Kursk facility, is one of Russia’s largest power plant supplying electricity to 19 regions in the Central Federal District.
Governor of Russia’s northwestern Leningrad region surrounding the city of St. Petersburg, Aleksandr Drozdenko, also reported a fire at the terminal in the settlement of Ust-Luga following the crash of a downed drone.
Drozdenko, claimed on Telegram that 10 Ukrainian drones were shot down over the port, located near Russia’s border with Estonia, early Sunday, adding that repairs and restoration work was ongoing.
READ MORE; Oil Prices Drop In Anticipation of US Federal Reserve Rates Decision
Ukraine’s General Staff later confirmed that the military, together with the country’s Security Service, inflicted damage to infrastructure at the Ust-Luga terminal, which it defined as a key logistics hub for Russia in the Baltic Sea used for energy exports through its “shadow fleet” – sea vessels allegedly used to skirt oil sanctions on Moscow.
Further, US President Donald Trump said on Friday that he will know in two weeks whether progress can be made toward ending the Russia-Ukraine war, while also hinting at possible sanctions against Moscow.
