Russia imposes restrictions in response to attacks on oil refineries – Bloomberg
Russia is considering restricting exports of diesel and jet fuel due to a decline in domestic production. According to Bloomberg, the problems in Russia’s oil refining sector are linked to regular attacks on energy infrastructure. Sources say Russian oil companies have already been advised to reduce fuel sales abroad.
The decision on an official embargo is in the final stages of approval, though the exact date of its implementation has not yet been determined. A potential ban could significantly drive up global energy prices, as Russia remains one of the world’s leading suppliers of diesel fuel, exporting about 40% of its total production.
The sharp drop in refining capacity is linked to intensified strikes by Ukrainian drones on the country’s key refineries and oil pipelines. According to data from the analytical firm OilX, in April, the average daily volume of oil refining in Russia fell to 4.69 million barrels—the lowest level in the past 16 years. The situation is complicated by the fact that the destruction of infrastructure is occurring on the eve of the holiday and vacation season, when domestic demand for fuel traditionally rises.
After a meeting with industry representatives on Tuesday, Russian Deputy Prime Minister Alexander Novak called on relevant agencies to continuously monitor the domestic market and emphasized that ensuring an uninterrupted supply of fuel to Russian consumers is currently the government’s top priority.
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