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Refineries

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California Diesel Reaches $7/Gallon as Global Refineries Struggle
business5 days ago

California Diesel Reaches $7/Gallon as Global Refineries Struggle

Diesel prices in California surged back toward $7 per gallon as wars in Europe and the Middle East disrupt refineries and Strait of Hormuz flows, with CA prices up about 30 cents from a month ago and $1.89 higher than a year ago. Global refinery margins have jumped to roughly $100 per barrel, and about 8% of refining capacity is offline, fueling a broader inflationary squeeze on transportation, farming, and groceries. California remains pricier due to costly imports, a specialized diesel formulation, and state taxes/regulations, and analysts say relief hinges on damaged refineries coming back online and more Middle East exports resuming.

via CNBC|
#business#california#diesel
Russia Imposes Fuel Limits After Drone Strikes Hit Refineries
world8 days ago

Russia Imposes Fuel Limits After Drone Strikes Hit Refineries

After Ukrainian drone strikes disabled the Orsk refinery, Russian regions implemented fuel restrictions and price controls: the Orenburg area capped gasoline at 30 liters per vehicle and limited diesel within settlements (and banned canister fills), while Novosibirsk set a 15% cap on retail markups above wholesale prices; in occupied Crimea, open sales led to price spikes and a return to QR-code rationing with a 100 ruble per liter ceiling for AI-92. The crisis has hit Crimea’s tourism hard (hotels down about 70%), prompting more than 4 billion rubles in one-off aid for tourism workers and fueling speculation of leadership changes in Crimea.

via Kyiv Post|
#crimea#fuel#refineries
Ukraine targets Russian refineries deep in the heartland as Moscow strikes trains and ships
world19 days ago

Ukraine targets Russian refineries deep in the heartland as Moscow strikes trains and ships

Ukraine said it hit oil refineries hundreds of kilometres inside Russia (in Bashkortostan and Yaroslavl) in an overnight attack, while Russia fired missiles at Ukraine, hitting a Lozova train station and a commercial ship in the Black Sea; both sides have stepped up long‑range strikes and civilian casualties, with Zelenskyy calling the refinery strikes a push toward diplomacy as Moscow touts drone defenses and retaliatory strikes.

via Euronews|
#drones#refineries#russia
Fuel shock from Ukraine strikes rattles Russia’s economy
business1 month ago

Fuel shock from Ukraine strikes rattles Russia’s economy

Ukraine's drone strikes on Russian refineries have sparked a fuel crisis that’s fueling inflation, slowing industry, and pushing Russia toward GDP stagnation. June inflation reached about 10.6%, with analysts warning the hit could be a temporary spike if refinery capacity recovers; forecasts push end-2026 inflation to around 6.2% and keep the policy rate near 14%+. Monetary policy can't directly fix a fuel shortage, so the government must normalize the fuel market. Debt with floating rates burdens non-military firms, while refinery and oil output declines weigh on industrial production. The scale of damage depends on how long strikes last; a prolonged shortage could even push Russia toward rationing and mobilization economics, with broad civilian impact.

via Meduza|
#business#fuel-crisis#inflation
Ukraine strikes push Russia’s gasoline crunch into a market squeeze, data shows
business1 month ago

Ukraine strikes push Russia’s gasoline crunch into a market squeeze, data shows

Meduza analyzes SPIMEX trading data from January–early July 2026 to quantify Russia’s gasoline shortage driven by Ukrainian strikes on refineries. About 35 refineries are operating of 39 commissioned; strikes damaged primary processing units, sharply reducing delivery-base volumes (e.g., Moscow ~4,400–400 tons/day; Taneco ~56% drop; Norsi ~63%; Kinef ~80%), while overall exchange volumes for gasoline and diesel fell from ~118–150k tons/day early 2026 to ~80k in June and prices rose about 146% from January. Russia has begun importing gasoline (at least 60,000 tons from India) and is tightening export restrictions; the exchange quota was cut from 15% to 10% in July 2026. Repairs are slow due to sanctions and parts shortages, and the crisis shows no immediate end.

via Meduza|
#business#gasoline#refineries
Russia’s fuel crisis widens as drone strikes hit refineries
world1 month ago

Russia’s fuel crisis widens as drone strikes hit refineries

Ukrainian drone strikes have knocked out a significant portion of Russia’s refining capacity, triggering long lines at gas stations, rising prices, and government rationing. Moscow has banned exports, is seeking imports from Belarus and India, and regions near the fighting are hardest hit, while Putin says the situation is not critical but vows to speed up refinery repairs and defense production.

via Al Jazeera|
#drone-strikes#fuel-shortage#refineries
Ukraine’s Drones Hit Most Russian Refineries, Two Big Plants Remain Untouched
world1 month ago

Ukraine’s Drones Hit Most Russian Refineries, Two Big Plants Remain Untouched

Ukrainian drones have struck a large majority of Russia’s major oil refineries, with extensive hits across European Russia and a resulting fuel shortage and production slowdowns. By late May, Reuters reported no major refinery in European Russia escaped, and by June 29 only two large refineries beyond the Urals had not been struck—the Omsk Oil Refinery (the largest in Russia) and the Angarsk Petrochemical Company in Irkutsk region.

via Meduza|
#drones#fuel-crisis#refineries
Ukraine strikes two Russian oil refineries to choke Moscow’s war economy
world1 month ago

Ukraine strikes two Russian oil refineries to choke Moscow’s war economy

Ukraine says it hit two Russian oil refineries—Slavyansk-on-Kuban in Krasnodar Krai and a facility in Yaroslavl—as part of an ongoing effort to disrupt Moscow’s war economy. Emergency services reported a refinery fire from falling drone debris with no injuries, while Kyiv steps up attacks on Russia’s energy sector amid broader clashes and Russian counter-strikes.

via Euronews|
#energy#refineries#russia
Ukraine’s Long-Range Drones Push the War into Russia, Targeting Refineries and Crimea
world1 month ago

Ukraine’s Long-Range Drones Push the War into Russia, Targeting Refineries and Crimea

Ukraine’s persistent drone strikes have disrupted Russian infrastructure, hitting refineries and energy sites and carrying a broad attack across 12 Russian regions and occupied Crimea. The campaign coincides with Zelensky’s vow of a 40-day influence operation to press Moscow toward peace negotiations, while Russia for its part pledges to resist despite drone-related damage and fuel-supply challenges.

via Axios|
#crimea#drones#refineries
Russia's fragile fuel fix: looser standards, subsidies, and imports to weather refinery strikes
world2 months ago

Russia's fragile fuel fix: looser standards, subsidies, and imports to weather refinery strikes

Russia faces a worsening gasoline shortage driven by reduced refining and Ukrainian strikes on refineries. Moscow is weighing measures such as allowing Euro-3 gasoline/diesel (lower sulfur), cutting the exchange-sale quota from 15% to 10%, and subsidizing imports through a damper mechanism—steps that could cost the budget billions and affect farmers, airlines, and independent stations as the country searches for portables to stabilize supply while tensions with Ukraine persist.

via Meduza|
#fuel-subsidies#gasoline-crisis#refineries