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Dan (Twitter)
RT @RALee85: "The impact from Ukrainian drone strikes will suppress Russia’s refinery processing rates until at least mid-2026, the International Energy Agency says in its latest monthly oil-market report...
'Previously, we had assumed a normalization of refining activity as we approached year-end but now embed a more cautious outlook,' the Paris-based agency said in a report on Tuesday. The IEA currently sees Russian processing rates at just under 5 million barrels a day through June 2026, and a recovery toward 5.4 million barrels a day later, with the outlook to be revised as more information becomes available.
'The increasingly widespread and significant Ukrainian drone campaign against Russian oil refineries and infrastructure' has so far cut the nation’s crude processing by an estimated 500,000 barrels a day, the agency said...
With the drone strikes weighing on refinery runs, Russia raised its crude exports in September to 5.1 million barrels a day, the...
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