IEA Warns Attacks on Russia Plants May Disrupt Diesel Market
- Russia may have 500,000-600,000 b/d refining capacity offline
- So far actual drop in throughput has been lower than estimated
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The flurry of Ukrainian drone attacks on Russia’s oil refineries risks disrupting global markets for petroleum products, the International Energy Agency said.
Ukrainian drones have ramped up attacks on Russia’s oil industry this year in an attempt to disrupt fuel supplies to the military and curb the Kremlin’s revenue. About 500,000 to 600,000 barrels a day of the country’s crude processing capacity could be offline this quarter on a gross basis, before offsets, according to the IEA’s monthly report.