SHOTLIST: NEW YORK, UNITED STATES (MARCH 8, 2022) (ANADOLU – ACCESS ALL) (FILE FOOTAGE) 1. VARIOUS DRONE SHOTS SHOWING PHILIPS 66 OIL REFINERY NEW YORK, UNITED STATES (MARCH 8, 2022) (ANADOLU – ACCESS ALL) (FILE FOOTAGE) 2. VARIOUS DRONE SHOTS SHOWING PHILIPS 66 OIL REFINERY ELMET, TATARSTAN (RECENT, 2023) (ANADOLU – ACCESS ALL) (FILE FOOTAGE) 3. VARIOUS OF OIL WELLS AT TANEFT FIELDS 4. VARIOUS OF STAFF WORKING NEAR OIL WELLS 5. VARIOUS OF OIL WELLSUS - TATARSTAN - FILE FOOTAGE: Oil prices rose on Monday amid fears of supply disruptions in Russia following a wave of Ukrainian drone attacks that damaged key infrastructure, including a port in Primorsk. Brent crude was trading at $66.99 per barrel at 10 a.m. local time (0700 GMT), up 0.5% from the previous close of $66.62. US benchmark West Texas Intermediate (WTI) increased by 0.6% to $62.74 from $62.36 in the prior session. Russia's Defense Ministry said it destroyed 221 Ukrainian drones in a series of attacks across the country, fueling concerns over potential oil supply disruptions and pushing prices higher. Leningrad Region Governor Aleksandr Drozdenko said on Telegram that numerous unmanned aerial vehicles were shot down near St. Petersburg. He reported fires at a ship and a pumping station in Primorsk Port, caused by the attacks. Analysts say the latest developments overshadowed the market impact of the OPEC+ alliance's recent decision to raise oil output by 137,000 barrels per day starting in October. Meanwhile, US President Donald Trump criticized European countries for continuing to buy oil from Russia. "Look, Europe – they're my friends, but they're buying oil from Russia, so we can't be expected to be the only ones that are full boor," he said. Trump described European sanctions on Moscow as insufficient and set conditions for further US action. "I'm willing to do sanctions, but they're going to have to toughen up their sanctions commensurate with what I'm doing," he said. Amid the rising tensions and supply fears, international pressure on Russia also intensified. Canada's Ministry of Finance said in a statement that G7 finance ministers, meeting over the weekend, discussed additional measures to curb Russia's energy revenues in response to its attacks on Ukraine and the violation of Polish airspace. The ministry highlighted that Canada, the EU and the UK have taken steps to further reduce the price cap on Russian crude oil. The G7 is now considering further economic measures, including additional sanctions and trade actions such as customs duties on those supporting Russia's war effort, to step up pressure on Moscow. In a statement, US Treasury Secretary Scott Bessent underlined President Trump's call to G7 members to impose tariffs on countries importing Russian oil "if they are truly committed to ending the war in Ukraine." "Only with a unified effort that cuts off the revenues funding Putin's war machine at the source will we be able to apply sufficient economic pressure to end the senseless killing," Bessent and US Trade Representative Jamieson Greer said. "Thanks to President Trump's bold leadership, US has already taken dramatic action against the purchasers of Russian oil. We are encouraged by the assurances of our fellow G7 nations that they are committed to ending this war, and we are hopeful that they will join us in taking decisive action at this critical time," Bessent and Greer said. Investors are also focused on trade talks in Madrid between US and Chinese delegations. The negotiations, led by Bessent and Chinese Vice Premier He Lifeng, are scheduled to run until September 17 and will cover customs tariffs, export controls and the future of TikTok.