Russia Slashes Oil Exports As Fuel Shortages And Drone Attacks Bite
Reuters calculations show western port exports falling to 1.7 million barrels per day as Russia boosts refinery runs to ease regional fuel shortages.
- On Monday, Ukrainian forces struck the Grushovaya oil transshipment base near Novorossiysk, oil facilities in Volgograd, and fuel storage sites in Crimea, while also targeting fuel trucks along the R-280 Novorossiya highway.
- Russia's Energy Ministry acknowledged Monday that drone attacks caused recent fuel shortages in Crimea and southern regions; officials established an "industry-wide task force" to ensure the "stable and efficient operation of the country" as at least 14 regions introduced rationing.
- Exports from Primorsk, Ust-Luga, and Novorossiysk are expected to fall to roughly 1.7 million barrels per day in June from 2.5 million bpd in May, and Russia plans to increase refinery runs by up to 400,000 bpd to address shortages.
- Russian Deputy Prime Minister Alexander Novak publicly acknowledged national oil production has fallen since the start of the year, marking Moscow's first admission of operational strain in the energy sector.
- Moscow has maintained a gasoline export ban through July 31 to safeguard local supplies and combat rising prices while the Kremlin contends with ongoing production challenges and fuel shortages.
22 Articles
22 Articles
Russia’s Energy Ministry Admits Drone Attacks Behind Gasoline Shortages
Russia’s Energy Ministry has acknowledged that mounting Ukrainian drone attacks on the country’s oil refineries and energy infrastructure are to blame for recent shortages of gasoline in annexed Crimea and some parts of southern Russia. “Recently, fuel and energy sector enterprises have faced an uptick in enemy aerial attacks, leading to temporary difficulties with fuel supplies in several southern regions,” the Energy Ministry said in a stateme…
For months, Ukraine has been targeting the Russian oil industry in its counter-attacks. Russian authorities have partially restricted the issue of gasoline. Now, the Ministry of Energy is responding.
The fuel crisis in the Russian Federation is gaining momentum.
Russia in June this year is going to reduce crude oil exports, planning to increase the volume of oil refineries amid an imminent fuel shortage.
Russia Slashes Oil Exports As Fuel Shortages And Drone Attacks Bite
Russia is preparing to sharply reduce crude oil exports this month as mounting refinery disruptions, fuel shortages, and Ukraine’s bombing campaign force Moscow to divert more barrels into the domestic market. Exports from Russia’s western ports of Primorsk, Ust-Luga and Novorossiysk are expected to fall to roughly 1.7 million barrels per day in June from 2.5 million bpd in May, according to Reuters calculations based on preliminary industry and…
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