Russian Oil-Refining Drops as Drone Attacks Halt Two Plants
- Daily crude processing rates fell 135,000 barrels vs December
- Ukrainian drones attacked Novatek, Rosneft refineries recently
Smoke billowing over the oil refinery outside Russian-occupied Lugansk region in July 2023.
Photographer: Anatolii Stepanov/AFP/Getty ImagesThis article is for subscribers only.
Russia’s latest weekly oil-processing rates dropped to the lowest in almost two months following the halt of two major refineries that were struck by Ukrainian drones.
The nation processed 5.41 million barrels a day in the seven days through Jan. 31, the first full week showing the impact of Ukraine’s attacks, a person with knowledge of industry data said. That’s 135,000 barrels a day below the average for most of December, according to Bloomberg calculations.