Home / Business and Economy / Russia's Fuel Output Hits 21-Year Low After Attacks
Russia's Fuel Output Hits 21-Year Low After Attacks
13 Jul
Summary
- Ukrainian attacks have driven Russian refining to historic lows.
- Average crude processing is now the lowest since March 2005.
- This situation is exacerbating domestic fuel shortages and global market stress.
Russian oil refining runs have plunged to their lowest point in more than 21 years, reaching an average of 3.91 million barrels per day so far this month. This marks the lowest crude-processing rate observed since March 2005.
The significant decrease in output is attributed to a wave of Ukrainian attacks targeting Russian refining infrastructure. This has led to a deepening domestic fuel crunch across Russia.
Concurrently, the reduced refining capacity is further squeezing the global fuel market, potentially leading to supply disruptions and price volatility for international consumers.
Disclaimer: This story has been auto-aggregated and auto-summarised by a computer program. This story has not been edited or created by the Feedzop team.
