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Economy
Why is fuel expensive when crude oil hasn't hit record highs?
Pump prices could remain high in Europe, adding to inflationary pressure. The immediate problem is not just the supply or price of crude oil, but limited refining capacity, disrupted trade flows and shortages of finished fuels, particularly diesel.
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One dead, several injured in Rotterdam port blast at Gunvor refinery
The Netherlands is investigating an explosion at the port of Rotterdam that killed one person and injured several others on Thursday, 13 August. The blast happened at about 11:30 a.m. at an oil facility in the Europoort industrial section of Europe’s largest port.
Saudi Arabia
Yemen's Houthis claim attack on Saudi Arabia refinery, 11 dead
Strikes by Iran-backed Houthi rebels on Sunday killed at least 11 people in the Yemeni port city of Mokha, says a medical source, after an earlier drone salvo targeted a Saudi oil refinery. Attacks from the armed group have increased since the 2022 truce seems to have been broken last month.
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Europe News
Two killed and over a dozen injured in Russian attacks across Ukraine
Russia is continuing to bombard Ukrainian cities daily with barrages of drones and missiles as ceasefire talks appear to have stalled in the wake of the war in Iran. Kyiv says its counter strikes targeting Russian oil facilities have been achieving success.
Ukraine
Kyiv carries out further overnight strikes on Russian energy sector
Ukraine is continuing to target Russia’s energy infrastructure, which it says is one of the Kremlin’s primary sources of funding for its invasion, as it looks to pressure Moscow into ceasing hostilities and engaging in peace efforts.
Russia
Ukraine strikes one of Russia's top oil refineries
The oil facility is one of Russia’s largest, and is responsible for producing more than 350,000 barrels of crude oil daily. Kyiv says clamping down on Russia’s oil industry, which it says finances the Kremlin’s war, will pressure them towards agreeing to negotiate an end to the fighting.
