Ice Brent crude futures fell slightly in early Asian trading, after inconclusive talks between Ukraine and Russia led by the US.
The Ice front-month January Brent contract was at $95.46/bl at 04:00 GMT, down by 36¢/bl from its settlement on 12 November when it ended $3.06/bl higher.
The Nymex front-month December crude contract was at $88.19/bl, lower by 55¢/bl from its settlement on 12 November when it ended $2.21/bl higher.
The US administration has again restricted provision of satellite-based communications to the Ukrainian military following inconclusive US-Russia-Ukraine talks, Ukrainian president Volodymyr Zelenskiy said on 12 November.
The US-sponsored talks between Ukrainian and Russian officials in Abu Dhabi on 10-11 November concluded only with an agreement to continue exchanges of prisoners of war, falling short of a major breakthrough that US president Donald Trump had previewed ahead of the talks.
Ukraine has hit Russia's largest refinery, the 430,000 b/d Omsk operated by state-controlled Gazpromneft, according to the Ukrainian ministry of defence.
Russian authorities did not confirm the attack, and any effect on operations was not immediately clear. Omsk produces a range of transport fuels, lubricants and petrochemical products.
The refinery was previously hit on 8 October. The latest strike is part of a recent intensified Ukrainian drone campaign against Russia's oil sector. The Ust-Luga port and Novatek's 200,000 b/d condensate fractionation plant there were hit on 11 November, according to local authorities. It is unclear if there has been any effect on crude and product loadings from Ust-Luga.
The UK has targeted state-controlled Rosneft subsidiary Vostok Oil and oil producer Slavneft as part of its latest sanctions package against Russia. London has also added to its sanctions list five tankers accused of carrying Russian crude or products.
US commercial crude inventories rose by 4.7mn bl to 414.4mn bl in the week ended 6 November, as higher net imports outpaced rising refinery runs, the Energy Information Administration (EIA) reported on 12 November. Crude stocks were up from 409.8mn bl in the previous week, but still 13.2mn bl lower than a year earlier.
Ice Brent crude futures fell slightly in early Asian trading, after inconclusive talks between Ukraine and Russia led by the US.
The Ice front-month January Brent contract was at $95.46/bl at 04:00 GMT, down by 36¢/bl from its settlement on 12 November when it ended $3.06/bl higher.
The Nymex front-month December crude contract was at $88.19/bl, lower by 55¢/bl from its settlement on 12 November when it ended $2.21/bl higher.
The US administration has again restricted provision of satellite-based communications to the Ukrainian military following inconclusive US-Russia-Ukraine talks, Ukrainian president Volodymyr Zelenskiy said on 12 November.
The US-sponsored talks between Ukrainian and Russian officials in Abu Dhabi on 10-11 November concluded only with an agreement to continue exchanges of prisoners of war, falling short of a major breakthrough that US president Donald Trump had previewed ahead of the talks.
Ukraine has hit Russia's largest refinery, the 430,000 b/d Omsk operated by state-controlled Gazpromneft, according to the Ukrainian ministry of defence.
Russian authorities did not confirm the attack, and any effect on operations was not immediately clear. Omsk produces a range of transport fuels, lubricants and petrochemical products.
The refinery was previously hit on 8 October. The latest strike is part of a recent intensified Ukrainian drone campaign against Russia's oil sector. The Ust-Luga port and Novatek's 200,000 b/d condensate fractionation plant there were hit on 11 November, according to local authorities. It is unclear if there has been any effect on crude and product loadings from Ust-Luga.
The UK has targeted state-controlled Rosneft subsidiary Vostok Oil and oil producer Slavneft as part of its latest sanctions package against Russia. London has also added to its sanctions list five tankers accused of carrying Russian crude or products.
US commercial crude inventories rose by 4.7mn bl to 414.4mn bl in the week ended 6 November, as higher net imports outpaced rising refinery runs, the Energy Information Administration (EIA) reported on 12 November. Crude stocks were up from 409.8mn bl in the previous week, but still 13.2mn bl lower than a year earlier.
By YouLiang Chay