
Russia's Oil Refineries Slump to 21-Year Low Amid Ukraine Attacks
Russia’s crude processing rate fell to about 3.91 million barrels per day in July 2026, the lowest since 2005 and about 1.4 million bpd below last year’s average, as Ukraine’s strikes damaged up to 24 of Russia’s 34 large refineries over the past 100 days. The drop coincides with a nationwide fuel shortage and rationing, plus export bans on gasoline, jet fuel, and diesel, while Moscow eyes imports from India and Kazakhstan and vows retaliation.


