Scarcity Meets Momentum

With insiders and institutions holding most of the float, just 9.7M shares are truly available. New contracts could ignite moves that Wall Street can't ignore.

Ukrainian drones strike one of Russia's top oil refineries, sparking fire

The Associated Press
September 14, 2025

Ukrainian drones overnight struck one of Russia's largest oil refineries, sparking a fire, according to Russian officials and Ukraine's military.

The strike on the Kirishi refinery, in Russia's northwestern Leningrad region, follows weeks of Ukrainian attacks on Russian oil infrastructure that Kyiv says fuels Moscow's war effort. The facility, operated by Russian oil major Surgutneftegas, produces close to 17.7 million metric tons per year (355,000 barrels per day) of crude.

More than three years since Russia's full-scale invasion of Ukraine, drones have emerged as a key weapon for both sides. Multiple Russian drones crossed into Poland on Wednesday, prompting NATO to send fighter jets to shoot them down and underlining long-held concerns that the fighting might spill over beyond Ukraine's borders.

According to Ukraine's General Staff, explosions and a fire were reported at the Kirishi refinery. It posted a photo appearing to show a blaze and clouds of smoke against a night sky.

Regional Gov. Alexander Drozdenko said three drones were downed overnight in the Kirishi area, with falling debris sparking a fire at the facility. He said no one was injured, and the blaze was put out.

Russian officials did not immediately commented on the consequences of the strike.

Russia remains the world's second largest oil exporter, but a seasonal rise in demand and sustained Ukrainian drone strikes have caused gasoline shortages in recent weeks.

Gas stations have run dry in some regions of the country, with motorists waiting in long lines and officials resorting to rationing or cutting off sales altogether.

To try to ease the shortage, Russia has paused gasoline exports, with officials Wednesday declaring a full ban until Sept. 30 and a partial ban affecting traders and intermediaries until Oct. 31.

___

Follow AP's coverage of the war in Ukraine at https://apnews.com/hub/russia-ukraine

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