The price of Urals crude, which surged above $100 after shipping through the Strait of Hormuz was disrupted, fell back to around $50 before rebounding after…

Ukrainian strikes have crippled Russian refining, leaving 135 million barrels of crude stranded at sea even as exports hit a four-year high.

Unplanned shutdowns at Russian oil refineries caused by Ukrainian attacks had a “significant negative impact” on key sectors of the economy in May, according…