Ukraine Strikes Cut Russian Oil Refining

Recent Ukrainian drone attacks on Russian refineries have reduced domestic oil processing capacity by thirty percent. The strikes disrupted operations at major plants while intensifying fuel shortages.

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FILE PHOTO: Plumes of smoke rise from fires (centre) at an oil refinery following what the authorities say is a Ukrainian drone strike in the course of the Russia-Ukraine conflict, in Moscow, Russia, September, 20, 2026. REUTERS/Stringer/File Photo

Renewed drone strikes by Ukraine since late October have reduced Russia's oil processing capacity by 30%, two industry sources said. The attacks compound domestic fuel shortages in Moscow while diesel shipments continue to international markets under an export agreement involving United States President Donald Trump. Energy markets are closely monitoring the capacity losses as benchmark Brent Crude Oil futures react to persistent supply disruptions.