Posted inNews

Russian fuel exports declined in 2024 amid escalating Ukrainian drone strikes on refineries

Russian seaborne oil product exports fell by almost 10% during 2024, Reuters reports. Ukrainian long-range drone attacks caused damage at a number of major Russian refineries, while higher funding costs and a gasoline export ban imposed by the Kremlin to prevent domestic price hikes added to existing pressure from Western sanctions. Ukraine’s air offensive against […]

Posted inInfrastructure

Ukrainian drones “have knocked out 600,000 to 900,00 barrels” of Russia’s daily oil-refining capacity

Industry experts estimate that Ukraine’s campaign of long-range drone strikes on Russia’s energy industry has already succeeded in knocking out between 600,000 and 900,000 barrels of Russia’s daily oil-refining capacity, Bloomberg reports. Speaking at a conference in Houston on March 18, Gunvor Group CEO Torbjörn Törnqvist estimated the recent wave of Ukrainian drone attacks had […]