Gunvor Says Drones Shut 600,000 Barrels of Russian Refining

Torbjorn Tornqvist
Photographer: F. Carter Smith/Bloomberg

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Devika Krishna Kumar and Will Kennedy

March 18, 2024 at 5:52 PM UTC

Updated on

March 19, 2024 at 12:56 AM UTC

This article is for subscribers only.

Gunvor Group Ltd. Chief Executive Officer Torbjörn Törnqvist estimates about 600,000 barrels of Russia’s daily oil-refining capacity has been knocked out by Ukrainian drone strikes.

Weekend drone strikes hit multiple plants in Russia, some deep inside its borders, sending diesel futures higher for a fourth straight session while gasoline futures climbed for a sixth.