In November, businesses cautiously assessed their performance due to intense shelling of critical infrastructure and power outages. The Business Activity Expectations Index was 49.4, lower than in October but higher than in November last year.
In November, Turkey reduced imports of Russian Urals crude oil by 100,000 barrels per day, to approximately 200,000 barrels per day. This comes amid tightening Western sanctions and the transition of Turkish refineries to alternative grades such as Kazakhstan's CPC Blend and Iraq's Basrah.
Brent crude futures rose to $63. 24, WTI to $59.42. This comes amid an assessment of risks from drone strikes on Russian energy facilities and escalating US-Venezuela relations.
On the night of December 2, drones attacked the Orelnefteprodukt oil depot in Russia's Oryol region, causing facilities of the fuel and energy complex in the Livensky district to catch fire. There were no casualties.
During the night, the enemy attacked the south of Odesa region with Shahed-type UAVs, damaging an energy facility, an administrative building, and private households. The attack led to electricity outages; there were no fatalities or injuries.
The draft extended financing program between Ukraine and the IMF provides for a package of changes to strengthen public finances and enhance anti-corruption policy. These innovations will affect tax policy, customs rules, the energy sector, and the state's interaction with business.
Ukrainian drones damaged the pier of the Caspian Pipeline Consortium terminal, which is the main source of Kazakh oil exports. Kazakhstan has activated a plan to redirect exports to alternative routes.
Hourly power outages will be in effect across Ukraine on December 2 due to Russian attacks. Restrictions will last from 00:00 to 23:59 for household and industrial consumers.
The Russian-linked tanker "Mersin" suffered four external explosions near Dakar, Senegal, resulting in seawater entering the engine room. This is the third such incident in a few days involving Russian tankers; the SBU may be involved in the two previous ones.
The Cabinet of Ministers has set a special gas price for cogeneration plants in frontline regions, which will be valid for one year. The government also simplified the procedure for installing distributed generation facilities and resumed the tender for the construction of generating capacity.
Indian state-owned refineries Indian Oil and Bharat Petroleum are resuming purchases of discounted Russian crude oil at around $5 a barrel. India's total purchases are unlikely to exceed 600,000 barrels per day, with payments made in UAE dirhams and US dollars.
Ukrainian President Volodymyr Zelenskyy reported on constructive talks with the US in Miami, noting the presence of "difficult issues" that still need to be worked on. Further actions will be determined after the report of Ukrainian representatives returning to Europe and planned negotiations with European partners.
Following Russian attacks on Ukraine's energy infrastructure, power outages have been recorded in at least four regions, and in one due to bad weather. Today, hourly outage schedules and power restrictions for industrial consumers are in effect in all regions.
Ukrainian President Volodymyr Zelenskyy is meeting with French President Emmanuel Macron in Paris. This comes amid Donald Trump's optimism about a deal to end Russia's war against Ukraine.
The "Servant of the People" faction will hold a meeting today at 7:00 PM with Prime Minister Yulia Svyrydenko and government officials. The main topic is the adoption of the State Budget for 2026, as reported by MP Yaroslav Zhelezniak.
The city of Fastiv in the Kyiv region is completely de-energized as a result of night enemy attacks on November 30. Energy workers are working to restore electricity supply, the nearest villages have already been powered.
Ukrainian President Volodymyr Zelenskyy held talks with NATO Secretary General Mark Rutte and European Commission President Ursula von der Leyen. Diplomatic issues, strengthening Ukraine's resilience, and the negotiation process to end the war were discussed.
On December 1, electricity restrictions will be in effect in all regions of Ukraine due to Russian attacks. Hourly outage schedules and power restrictions for industrial consumers will continue around the clock.
On November 30, Russians deliberately struck the energy infrastructure of Sumy region, blacking out part of Sumy. This caused interruptions in electricity and water supply in the Sumy district.
President Zelenskyy and Finnish President Alexander Stubb held talks on Russian aggression. The parties exchanged information and assessed diplomatic scenarios, emphasizing the need to pressure Russia.
Iran announced the seizure of an Eswatini-flagged vessel carrying 350,000 liters of smuggled fuel. The ship's crew consisted of 13 individuals, citizens of India and a neighboring country.
Volodymyr Zelenskyy announced that Ukraine has synchronized sanctions with the United States and imposed them against "Rosneft" and "Lukoil," as well as against other Russian companies and enterprises.
Polish President Karol Nawrocki limited his trip to Hungary, refusing to meet with Prime Minister Viktor Orban. This decision was made due to Orban's visit to Moscow, which caused concern in Warsaw.
European stock markets are showing significant growth, with half of the world's top 20 markets being European. Investors are increasing their investments in Europe amid lower inflation and anticipated corporate earnings growth.
The KAIROS tanker, damaged in the Black Sea while transporting Russian oil products, cannot yet be towed to shore. The vessel has drifted 18 kilometers from the coast, and the oil spill has stretched for 16 kilometers.
As a result of night attacks in Dnipropetrovsk region, four districts were affected, and two people were wounded. Enemy strikes caused fires, destruction of homes and infrastructure.
The Khor Mor field in Kurdistan has resumed operations after a drone strike caused widespread power outages. Gas supplies to power plants were restored at 2:00 AM on Sunday, stabilizing the region's energy system.
Three people wounded during the enemy attack on the Kyiv region remain in hospitals. In Brovary, over 80% of broken windows have been closed, damage assessment and restoration work are underway.
In Kyiv, 420,000 families already have electricity after the massive Russian attack on November 29, but part of the Holosiivskyi district remains without power. Rescuers have completed work to eliminate the consequences of the strikes, which injured 37 people and killed two.
On November 30, power restrictions will be in effect throughout Ukraine due to Russian attacks. Hourly outage schedules and power restrictions will be applied from 00:00 to 23:59.
