Ukrainian Strikes Hit 30% of Russia's Oil Refining Capacity

Ukrainian drone strikes have disrupted refineries representing roughly 30% of Russia's total oil-processing capacity since late October, dealing another blow to Moscow's fuel supplies just as it attempts to increase diesel exports under a controversial agreement with Washington. Nine of Russia's 35 major refineries experienced disruptions over the past week, with affected facilities having a combined capacity of approximately 2.2 million barrels per day. The actual reduction in crude processing could reach 200,000 metric tons daily, according to industry estimates. Recent strikes have hit facilities in Ryazan, Yaroslavl and the Volga region, including a fire at the Kirishi refinery on Monday. The disruptions complicate an already strained global diesel market, while U.S.-brokered peace talks between Russia and Ukraine are scheduled for November 10–11 in Abu Dhabi.