Russian Fuel Flows Slump as Plants Hit, Home Demand Prioritized

Russian oil product exports dropped to a wartime low after escalating Ukrainian drone strikes on refineries reduced output and producers prioritized the home market.

Very early data for September show a marked drop-off in shipments. Flows from the nation’s ports were down by about 300,000 barrels a day compared with the three preceding Septembers, according to Vortexa Ltd. figures compiled by Bloomberg. There’s still time for the numbers to adjust higher as more cargoes emerge.