Ukraine has reportedly targeted Lukoil’s Grayfer oilfield in the Caspian Sea with a drone strike, according to the Ukrainian General Staff. The attack, which occurred on December 14, has resulted in significant damage to a natural gas drilling rig, forcing production at all 14 wells at the platform to cease. Lukoil, which also operates nearby Filanovsky and Korchagin fields, has not commented on the incident. This marks a further escalation in strategic strikes on energy infrastructure in the region.
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Over the past month, commodity prices for key energy assets have seen notable declines. Brent Crude fell by 6.39%, while US Crude slid by 5.97% and Natural Gas dropped by 8.62%. On a 1-day technical basis, Brent and US crude are signaling a Sell and Sell, respectively, while natural gas remains at Hold. The downward price movements reflect ongoing volatility in the energy sector, compounded by geopolitical tensions and disruptions.
Investors can explore more updates, prices, and analysis across global markets at Commodities.