Drone Attack Boosts Oil Prices but Upside Remains Limited

Oil prices climbed on Tuesday morning following a drone attack on a key Russian oil pipeline. At the same time, the prospect of a Russia-Ukraine peace deal is limiting the upside for oil prices as it could ultimately lead to a flood of Russian crude to the market. - Europe’s wind generation posted a whopping 16% year-over-year decline, triggering a largely unexpected squeeze on natural gas inventories, however despite huge wind park buildouts globally climate change could make wind generation less efficient over the upcoming years.- The amplified…