Russia Scrambles to Restore Fuel Supplies as Refineries Resume Operations
Amid the ongoing fuel crisis in Russia, authorities are rushing to ease concerns that the shortages are worsening. Russia has been suffering from a gasoline and diesel crunch since the spring, when Ukraine intensified its drone attacks at Russian refineries, aiming to cripple fuel supply to the front lines and to the domestic Russian market.
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Key Facts
- Fact 1: The drone hits on refineries, including deep into Russian territory more than 1,000 miles from the border with Ukraine, have become a nearly daily occurrence.
- Fact 2: By Charles Kennedy for Oilprice.com More Top Reads From Oilprice.com Oil Prices Slide 2% as Markets Brace for Bessent’s ‘Economic D-Day’ Iraq Wants to Double Oil Output—and Needs OPEC to Get Out of the Way China’s Oil Imports Set to Rebound as Refiners Hunt for New Supply
Amid the ongoing fuel crisis in Russia, authorities are rushing to ease concerns that the shortages are worsening. Russia has been suffering from a gasoline and diesel crunch since the spring, when Ukraine intensified its drone attacks at Russian refineries, aiming to cripple fuel supply to the front lines and to the domestic Russian market.
The drone hits on refineries, including deep into Russian territory more than 1,000 miles from the border with Ukraine, have become a nearly daily occurrence. But Russia’s Deputy Prime Minister Alexander Novak, who is in charge of energy issues including Russia’s OPEC+ talks, sought to alleviate concerns on Monday. Some oil refineries in Russia have resumed operations after repairs, which could soon raise supply on the domestic market, Novak told reporters today, as carried by Russian news agency Interfax.
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Original source: OilPrice.com
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