REFINING: Drone Stike on Russia's Saratov Refinery but No Critical Damage
Nov-08 14:16
A Ukrainian drone attack struck an oil refinery in the Russian city of Saratov but caused no significant damage, a Reuters source said on Nov. 8.
- The Ukraine strike is the first on Russian crude processing facilities in more the two months.
- The strike had caused damage, a Ukrainian intelligence source said, but refining operations would not be affected, according to a local source.
- "An inspection was performed - luckily, there was no fire, casualties or critical damage," the source said.
- The Saratov refinery has installed capacity of 140kbpd and processed 115.4kbpd in Jan-Sep 2024, producing motor fuels, vacuum gasoil, fuel oil and bitumen.
- Overnight 17 drones were downed including six in the Saratov region, Russian Defense Ministry said.
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US TSY OPTIONS: Dec'24 30Y Put Spread Sale
Oct-09 14:14
- -5,000 USZ4 114/118 put spds, 47 ref 121-03, underlying has inched up to 121-05 (+1) now, curves twist flatter with short end lagging midmorning bounce
US TSYS: Curve A Little Flatter As Logan Leans Hawkish
Oct-09 14:13
Tsys slip a little further in the hour since Dallas Fed President Logan leant hawkish (in line with her historical stance, greater colour on that in recent bullet), pointing to a preference for a more gradual path back to normal rates.
- Yields 2.5-3.0bp higher on the day.
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- A break of yesterday’s base would expose round number support at 112-00.
- The recently covered block buy in WN futures helps the space stabilise.
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US TSY FUTURES: BLOCK: Dec'24 30Y-Ultra Buy
Oct-09 14:09
- +2,000 WNZ4 129-01, buy through 129-00 post time offer at 1003:05ET, DV01 $416,000, the contract trades 129-01 last (+1)
