oil refining capacity

Ukraine Attacks Force Fuel Rationing in Russian Capital

Ukraine’s extensive drone campaign has significantly hampered Russia’s domestic oil refining capacity, leading to widespread gasoline shortages, even in Moscow. The cumulative damage to key facilities, including the Gazprom Neft Moscow Refinery, has resulted in substantial daily reductions in refining volume, reaching levels not seen in two decades. These supply constraints have prompted retailers to implement sales limits and price increases, while the government contemplates regulatory changes and has begun importing gasoline from Asia, a notable shift for a major energy exporter.

Read More