Energy

Ukraine’s Drone Campaign Drives Russian Oil Refining to 24-Year Low

Russian crude processing fell to its lowest level in more than two decades in July after Ukraine expanded its drone campaign from refineries to tankers, pipelines and export infrastructure, according to The Moscow Times, citing Bloomberg analysis. Russian refineries processed an estimated 3.6 milli

Source: OilPrice.com

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DW NOTE

Ukraine's targeted strikes on Russian refineries have cut processing to levels not seen since 2001. Moscow can still pump crude — it just can't turn it into diesel and gasoline at anything approaching normal capacity. This is what export dependency looks like when the value-add infrastructure gets hit.

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Hedge Funds Pile Into Fuels as U.S. Supply Squeeze Deepens

For the first four months of the war between the United States and Israel and Iran, oil traders remained largely bearish. The overwhelming expectation was that the war would end soon—even as July rolled around—and oil flows out of Hormuz would recover. Instead, the world is slipping into a fuel shor

Ukraine’s Drone Campaign Drives Russian Oil Refining to 24-Year Low

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Hedge Funds Pile Into Fuels as U.S. Supply Squeeze Deepens

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