"Analyst: Ukraine Drone Attacks Impact Russia's Oil Exports"

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Source: Business Insider
"Analyst: Ukraine Drone Attacks Impact Russia's Oil Exports"
Photo: Business Insider
TL;DR

Ukrainian drone attacks on Russian energy facilities have disrupted about 600,000 barrels of Russia's daily oil-refining capacity, leading to an increase in crude oil prices and a reduction in exports of about 200,000 barrels. The attacks have added $2-$3 per barrel of risk premium to crude oil prices and halted about 7% of Russia's refining capacity in the first quarter, prompting Russia to increase its oil exports through western ports. The attacks are expected to continue and expand, posing significant challenges to Russia's oil industry.

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