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oil refineries
Ukraine resumes Russian refinery strikes, defying Trump
Ukraine is attacking Russian oil refineries again. President Volodymyr Zelensky said Kyiv's patience had run out after a three-day pause that it had kept at Washington's request, while Russia went on bombarding Ukraine's power grid. "The block (on attacking refineries)…
US warned Kyiv on intel over refinery strikes, FT says
U.S. envoys Steve Witkoff and Jared Kushner told Ukrainian negotiators that Washington could stop sharing intelligence with Kyiv if it kept striking Russian oil refineries, the Financial Times reported. Ukraine relies on that intelligence for its long-range strikes, which are…
Putin rejects strike truce, says Russia lost 1% of GDP
Russian President Vladimir Putin said on Thursday, October 1, that Ukrainian drone strikes on Russian oil refineries have cost the country about 1% of its gross domestic product. Speaking at the Valdai Discussion Club in Moscow, he also rejected the…
Middle East refinery runs remain 2.6 mbd below pre-war levels, Kpler says
Middle Eastern refinery runs remain roughly 2.6 million barrels per day below pre-war levels, with throughput stuck at around 7.3 mbd compared to 9.9 mbd in February 2026, according to a new analysis from energy data firm Kpler published Monday.…
U.S. diesel crack tops $100 a barrel for first time amid global supply crunch
Russia has received its first shipment of gasoline from India, a reversal that underscores the toll Ukraine's sustained campaign against Russian oil refineries is taking on one of the world's largest fuel exporters.
Ukraine drone strike forces Russian refinery into six-month shutdown
Russia's Orsknefteorgsintez oil refinery in Orsk has been forced into a complete shutdown after a Ukrainian drone strike on August 11, with repairs expected to take up to six months due to Western sanctions blocking access to imported equipment. The…
Diesel prices surge as refinery attacks hit three continents
Diesel prices surged in the United States and Europe on Monday after a cascade of refinery disruptions across three continents tightened an already strained global fuel market, raising the prospect of higher costs for trucking, agriculture and consumer goods.
Ukrainian drone strike kills at least 13 in Russia’s Tatarstan energy hub
A large-scale Ukrainian drone attack struck the city of Nizhnekamsk in Russia's Tatarstan republic early Monday, killing at least 12 people and wounding 39 others in one of the deadliest single strikes on Russian territory since the start of Moscow's…
Global diesel supply tightens as refinery outages hit winter risk zone
Roughly 10% of global refining capacity remains offline heading into August, above the five-year average for this time of year, with unplanned outages accounting for half of the total and carrying no clear repair timeline. The shortfall is keeping diesel,…
European diesel margins hit record as refinery attacks mount
A sustained campaign of Ukrainian drone strikes on Russian oil refineries, combined with militant attacks on Gulf refining infrastructure, has driven European fuel refining margins to all-time highs, sending ripple effects through the global economy as consumers and industries face…
Goldman Sachs says diesel faces worst supply squeeze since pandemic
Saudi Aramco shut its 400,000 barrel-per-day Jazan refinery after a Houthi missile and drone attack damaged the facility's power infrastructure and tank farm, removing a critical source of refined fuel from an already strained global market. The shutdown, confirmed by…
Petrobras hits record refinery output amid Hormuz crisis
Brazil's state-run oil giant Petrobras Petróleo Brasileiro S.A. - Petrobras ran its refineries at a record 102.5% of nominal capacity in April and May, slashing derivative imports to roughly 67,000 barrels per day as the closure of the Strait of…
Ukraine strikes major Ryazan oil refinery and Wildberries warehouse
Ukrainian forces launched a wave of long-range drones against Russia's Ryazan region early on Wednesday, setting fire to both a major oil refinery owned by Rosneft and a Wildberries logistics center, according to regional officials and open-source monitors.
Russia formalizes fuel rationing as crisis hits military operations
Russia's escalating fuel crisis has crossed a threshold that the Kremlin can no longer dismiss as a civilian inconvenience. Ukrainian drone strikes on oil refineries are now disrupting military logistics, with volunteer supply networks collapsing and Russian troops reportedly abandoning…
Russia’s gasoline output drops to 65% of demand after Ukrainian drone strikes
Russian gasoline production has fallen to roughly 65% of seasonal average consumption following a sustained campaign of Ukrainian drone strikes on major refineries, Reuters reported on July 10, citing industry sources and its own calculations. The deepening shortfall marks an…
BP’s Spanish refinery boosted jet fuel output 30% to avert Europe’s supply crisis
When the United States and Israel began striking Iran in late February, Paco Quintana, who runs BP 's Castellón refinery on Spain's east coast, knew what it meant for Europe's summer travel season. Middle Eastern refineries normally supply a quarter…
Russia’s fuel crisis spreads as gasoline runs out in major port city
Ukrainian drone strikes on Russian oil refineries have triggered a severe and widening fuel crisis across the country, with gasoline disappearing entirely from stations in some cities and rationing now in effect in nearly every region as Moscow scrambles to…
Kazakhstan agrees to ship gasoline to Russia as fuel crisis deepens
Russian President Vladimir Putin acknowledged on Sunday that the country faces a "certain deficit" of fuel, marking the Kremlin's first formal admission that sustained Ukrainian drone strikes on oil refineries have created a domestic energy crisis that will likely persist…
China’s teapot refineries hit lowest run rate since 2017
China's independent "teapot" refineries have slashed their processing rates to the lowest level since 2017, underscoring how the prolonged Strait of Hormuz disruption and weak domestic fuel demand have hammered the country's smaller oil processors.