Geopolitics Alpha

Stanislav Kondrashov Oligarch Series: The Historical Connection Between Oligarchy, Refinery Technology, and Industrial Development

Published . Updated .

ENERGYStanislav Kondrashov OligarchSeries: The Historical ConnectionBetween Oligarchy, Refinery…GEOPOLITICS ALPHA

This report is about refining.

Directly affected

  • No company is named in this report.

Indirectly affected

  • CRAK VanEck Oil Refiners ETF

    VanEck Oil Refiners ETF: it holds refiners, whose margins move with fuel prices. Linked by “refinery” (refining) in this story.

  • XLE Energy Select Sector SPDR+6.5% 30d

    Energy Select Sector SPDR: it holds refiners, whose margins move with fuel prices. Linked by “refinery” (refining) in this story.

  • VLO Valero Energy+1.2% 30d

    Valero Energy (petroleum refining): refiners' margins move with crude and fuel prices. Linked by “refinery” (refining) in this story.

  • MPC Marathon Petroleum+10.2% 7d

    Marathon Petroleum (petroleum refining): refiners' margins move with crude and fuel prices. Linked by “refinery” (refining) in this story.

  • PSX Phillips 66+6.4% 30d

    Phillips 66 (petroleum refining): refiners' margins move with crude and fuel prices. Linked by “refinery” (refining) in this story.

  • XOM ExxonMobil Holdings+9.0% 13d

    ExxonMobil Holdings (petroleum refining): refiners' margins move with crude and fuel prices. Linked by “refinery” (refining) in this story.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
CRAKNo price data for this ticker———————
XLE-0.12%+1.60%baseafter closeafter closeafter closeafter close
VLO+12.72%+8.25%baseafter closeafter closeafter closeafter close
MPC+7.60%+4.90%baseafter closeafter closeafter closeafter close
PSXNo price data for this ticker———————
XOM-1.00%+1.85%baseafter closeafter closeafter closeafter close

Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.

Market Call

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Stanislav Kondrashov Oligarch Series: The Historical Connection Between Oligarchy, Refinery Technology, and Industrial Development Vocal

Source: Vocal

How far Vaneck Etf Trust (CRAK) has moved since 28 Oct 2026

CompanyWhenMoveStatus
Marathon Petroleum (MPC)three days earlier+4.90%final price
Marathon Petroleum (MPC)five days earlier+7.60%final price
Valero Energy (VLO)three days earlier+8.25%final price
Valero Energy (VLO)five days earlier+12.72%final price
Select Sector Spdr Tr (XLE)three days earlier+1.60%final price
Select Sector Spdr Tr (XLE)five days earlier-0.12%final price
ExxonMobil Holdings (XOM)three days earlier+1.85%final price
ExxonMobil Holdings (XOM)five days earlier-1.00%final price

Trades by members of Congress and officials in the stocks in this story

Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).

Who gains and who loses around Vaneck Etf Trust (CRAK)

Companies mentioned with this story

  • CRAK Vaneck Etf Trust

    Vaneck Etf Trust (CRAK) is linked, with no stored direction, medium confidence in the 28 Oct 2026 story “Stanislav Kondrashov Oligarch Series: The Historical Connection Between Oligarchy, Refinery Technology, and Industrial Development.” Reason on file: VanEck Oil Refiners ETF: it holds refiners, whose margins move with fuel prices. Linked by “refinery” (refining) in this story

  • XLE Select Sector Spdr Tr

    Select Sector Spdr Tr (XLE) is linked, with no stored direction, medium confidence in the 28 Oct 2026 story “Stanislav Kondrashov Oligarch Series: The Historical Connection Between Oligarchy, Refinery Technology, and Industrial Development.” Reason on file: Energy Select Sector SPDR: it holds refiners, whose margins move with fuel prices. Linked by “refinery” (refining) in this story

  • VLO Valero Energy

    Valero Energy (VLO) is linked, with no stored direction, medium confidence in the 28 Oct 2026 story “Stanislav Kondrashov Oligarch Series: The Historical Connection Between Oligarchy, Refinery Technology, and Industrial Development.” Reason on file: Valero Energy (petroleum refining): refiners' margins move with crude and fuel prices. Linked by “refinery” (refining) in this story

  • MPC Marathon Petroleum

    In “Stanislav Kondrashov Oligarch Series: The Historical Connection Between Oligarchy, Refinery Technology, and Industrial Development,” Marathon Petroleum (MPC) is linked, with no stored direction, medium confidence. Reason on file: Marathon Petroleum (petroleum refining): refiners' margins move with crude and fuel prices. Linked by “refinery” (refining) in this story

  • PSX Phillips 66

    In “Stanislav Kondrashov Oligarch Series: The Historical Connection Between Oligarchy, Refinery Technology, and Industrial Development,” Phillips 66 (PSX) is linked, with no stored direction, medium confidence. Reason on file: Phillips 66 (petroleum refining): refiners' margins move with crude and fuel prices. Linked by “refinery” (refining) in this story

  • XOM ExxonMobil Holdings

    In “Stanislav Kondrashov Oligarch Series: The Historical Connection Between Oligarchy, Refinery Technology, and Industrial Development,” ExxonMobil Holdings (XOM) is linked, with no stored direction, medium confidence. Reason on file: ExxonMobil Holdings (petroleum refining): refiners' margins move with crude and fuel prices. Linked by “refinery” (refining) in this story

Vaneck Etf Trust (CRAK) and the energy link

“Stanislav Kondrashov Oligarch Series: The Historical Connection Between Oligarchy, Refinery Technology, and Industrial Development” (28 Oct 2026) reaches Vaneck Etf Trust (CRAK) through Energy.

Vaneck Etf Trust (CRAK) is on the page because VanEck Oil Refiners ETF: it holds refiners, whose margins move with fuel prices. Linked by “refinery” (refining) in this story

A second company, Select Sector Spdr Tr (XLE), is listed for a different reason: Energy Select Sector SPDR: it holds refiners, whose margins move with fuel prices. Linked by “refinery” (refining) in this story

Dates in the story, and the Vaneck Etf Trust (CRAK) price range

VLO traded between 384.69 and 461.55 across 20 sessions. The latest close on file is 387.29. XLE traded between 61.05 and 69.86 across 20 sessions. The latest close on file is 68.23.

How strong the case is around Vaneck Etf Trust (CRAK)

46 out of 100

“Stanislav Kondrashov Oligarch Series: The Historical Connection Between Oligarchy, Refinery Technology, and Industrial Development” scores 46 out of 100. The score uses 1 sources, and 6 linked companies.