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Ukraine Strikes Degrade Russian Oil-Refining Industry, IEA Says
Source: Bloomberg
Sanctions & Export ControlsGeopolitics & WarEnergy Markets & PricesCommodities & Raw Materials
The IEA said Russia's oil-processing capacity is being degraded because sanctions are preventing refiners from recovering after increasingly intense and precise Ukrainian drone strikes. Sustained disruption to Russian refining could constrain fuel-product supply and increase volatility in global oil and refined-product markets.
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