Russian Refinery Runs Plunge to Lowest in More Than Two Decades

Russia has a plan to ease the gasoline crisis: lower fuel standards, expand subsidies, and wait out Ukraine’s refinery strikes

Russia is going through an acute phase of its gasoline crisis. We’ve written before that several indicators — among them a drop in refining volumes to multiyear lows alongside high crude exports — point indirectly to a serious collapse in refining. All of this is unfolding against a campaign of long-range Ukrainian strikes on refineries and other targets deep inside the country. Panic is feeding the crisis, too, driven by a flood of reports from the regions about limits on how much gasoline any one customer can buy. In just the past couple of days:

Ukraine Just Hit Russia Where It Hurts Most

Ukraine just struck a massive oil refinery just 15 miles from the Kremlin — and Russia may not get it running again until 2027. Story Snapshot Ukraine hit the Moscow Oil Refinery twice in June 2026, causing damage that could shut it down for at least six months. The refinery supplies 40 of the Moscow []

Russia Boosts Crude Oil Exports to Record While Prices Tumble

Despite surging shipments, Moscow's oil earnings have dropped to the lowest since March

Russia's Largest Oil Refinery in Flames

Russia's Largest Oil Refinery in Flames

Regions Calling: Russia's Fuel-Producing Hub Struggles to Shake Off Supply Crisis

Even Bashkortostan, Russia's leading producer of diesel and gasoline, is feeling the impact of this summer's fuel crisis.

Russia’s diesel export ban deals fresh blow to strained energy market

Russia’s decision to ban diesel exports this week has roiled global energy markets, exacerbating shortages of the industrial fuel and sending prices soaring, even in countries that no longer buy the fuel from Moscow. Diesel accounts for the largest share of global oil consumption and soaring prices can ripple through the global economy given its wide range ‌of uses, from industrial machinery and farm equipment to heavy transport and electricity generation. Supply has remained tight for years due...

Ukrainian strikes drive Russian oil refining to lowest level in 21 years

A wave of Ukrainian strikes on Russian fuel infrastructure has reduced Russia's oil refining output to its lowest level in more than 21 years.

Russian Diesel Export Ban Sends Global Fuel Prices Higher

Russia's decision to ban diesel exports last week has disrupted global fuel markets, deepening concerns over tightening supplies and driving diesel prices sharply higher, even in regions that stopped importing Russian fuel years ago.

Fuel stocks in Russia, potential ban on diesel exports: Novak’s statements

The frenzy in the Russian fuel market has led to an artificial surge in demand of around 20-30, the official noted

Prediction: Oil Is Heading to $60 a Barrel by 2027, and These Stocks Are Worth Buying Now

The oil market is on track to shift from a shortfall to a glut in the next year.

Moscow Refinery Knocked Offline Until 2027 After Drone Strikes – Reuters

Moscow’s largest fuel refinery is expected to remain offline until early 2027 after repeated Ukrainian drone strikes, Reuters reports. The attacks damaged key processing units at the Gazprom Neft-owned plant, which supplies most of the capital’s fuel.

Global oil demand to drop for first time since 2020 amid Iran conflict, IEA says

LONDON: Global oil demand is on track to decline for the first time since the height of the COVID-19 pandemic, the International Energy Agency said Friday, as war with Iran disrupts production and exports across the Middle East. World oil demand is set to fall by 1 million barrels per day year-over-year in 2026, marking ... Read more The post Global oil demand to drop for first time since 2020 amid Iran conflict, IEA says appeared first on BOL News.

Russia is in the midst of a major fuel crisis

Russia is in the midst of a major fuel crisis

Record Russian oil exports bring in less as value falls to $1.9 billion a week

More tankers sail, but their Russian cargoes are worth less.

Georgian refinery announces plan to stop importing Russian oil

The oil refinery in the Georgian Black Sea port of Kulevi will fully cease processing Russian crude oil beginning in August-September 2026.

Ukraine attacks on oil refineries plunge Russia into fuel crisis

Russia is seeing a growing gasoline crisis with more than half of the country's regions imposing limits on sales. This has left motorists queueing for hours just to get fuel. And it's becoming increasingly common, as Russia grapples with refinery outage and intensified Ukrainian drone

Global oil demand dropping

Global oil demand is set to decline this year for the first time since the height of the Covid-19 pandemic in 2020, according to a report from the International Energy Agency. The drop, which the agency expects to amount to about 1 million barrels per day in 2026, is due to higher oil prices and [] The post Global oil demand dropping appeared first on Egyptian Gazette.

Disaster for Putin as major oil refinery offline until 2027 after huge Ukraine strikes

The facility is expected to be out of action for at least six months.

Oil Posts Largest Quarterly Price Drop in 6 Years

Oil prices on Tuesday logged their biggest quarterly drop in six years, after an extended U.S.-Iran cease-fire in June ...

Is OPEC Losing Control as Gulf Oil Producers Race to Reclaim Market Share?

The four month Iran war severely disrupted global energy markets after Tehran restricted shipping through the Strait of Hormuz following U.S. and Israeli military strikes. At the height of the conflict, around 14 million barrels of oil per day were removed from global supply, triggering fears of a prolonged energy crisis and sending Brent crude [] The post Is OPEC Losing Control as Gulf Oil Producers Race to Reclaim Market Share? appeared first on Modern Diplomacy.

Russian fuel shortage pushing drivers to desperate measures as gasoline runs out

A nationwide shortage of gasoline and soaring petrol prices is pushing Russians to alternative fuel sources

Harga minyak minyak dijangka capai AS$65 setong menjelang Oktober

PETALING JAYA: Harga minyak mentah global dijangka terus berada dalam aliran menurun dan berpotensi mencecah AS65 (RM266.53) setong menjelang Oktober, berikutan jangkaan lebihan bekalan dalam pasaran susulan konflik Asia Barat yang mereda serta pembukaan semula Selat Hormuz. Penganalisis ekonomi, Prof. Emeritus Dr. Barjoyai Bardai berkata, penurunan harga minyak ketika ini lebih banyak didorong oleh faktor ... Read more The post Harga minyak minyak dijangka capai AS65 setong menjelang Oktober appeared first on Utusan Malaysia.

Putin Humiliated as Russians Rage Over Growing Crisis

Alexander Kazakov / via REUTERSAnger is growing in Russia over lengthy lines at gas stations nationwide, with Vladimir Putin forced to acknowledge a fuel crisis in a rare public admission of weakness.More than four years into the Russian president’s invasion of Ukraine, Kyiv’s relentless attacks on Putin’s oil refineries are being felt across the country. Russia, one of the world’s largest oil producers, has struggled to produce enough fuel to meet domestic demand. Meanwhile, wholesale fuel prices have risen, and rationing has been introduced in several regions.Read more at The Daily Beast.

Russia bans diesel exports as Ukrainian strikes intensify fuel crisis

More than 90 percent of Russian regions have experienced fuel rationing or shortages since June, according to local media reports and statements from officials. The post Russia bans diesel exports as Ukrainian strikes intensify fuel crisis appeared first on Vanguard News.

A man who remained silent has written a letter, which has leaked to the public; "Putin, this is unprecedented"

Energy analysts estimate that due to Ukrainian attacks, 25 percent or more of Russia’s total oil refining capacity has been taken out of operation.

Russia Oil Price Falls to Pre-Iran War Level in Blow to Kremlin

Russia's flagship crude price has slid to levels seen before the conflict in the Middle East, piling more pressure on Kremlin coffers that are already strained by the invasion of Ukraine. The Urals grade averaged 41.66 a barrel at Russia's western ports in the first three days of July, less than half the level during the height of the oil market turmoil in April, according to Argus Media data. Russia's Finance Ministry uses the data to calculate taxes.

EXPLAINER – From ‘oil state’ to fuel shortages: How Ukraine's strikes are pressuring Russia's energy sector

Fuel shortages have spread across more than 40 Russian regions, prompting authorities to impose sales limits

Inventory Replenishment Could Fuel The Next Major CrudeOil Bull Market

The global oil market may be entering a new phase where the primary price driver is not supply disruption, but the urgent need to rebuild depleted strategic and commercial inventories. Governments, refiners, and traders around the world face mounting pressure to replenish oil stocks that were drawn down during a period of sustained emergency releases [] The post Inventory Replenishment Could Fuel The Next Major CrudeOil Bull Market appeared first on Foreign Policy Journal.