Recent Drone Strikes Lead to Shutdown of Russian Oil Refineries

Wednesday, 20 March 2024, 00:35

Recent drone strikes in Russia have adversely affected the country's oil refining capacity, leading to an estimated loss of 900,000 barrels per day. JPMorgan Chase predicts it could take weeks if not months to restore the capacity, impacting oil exports. With multiple drone attacks causing disruptions, Russia plans to increase oil exports through western ports to compensate for the refinery shutdowns.

https://store.livarava.com/1cd62bb8-e652-11ee-9687-5254a2021b2b.jpe — Recent Drone Strikes Lead to Shutdown of Russian Oil Refineries

Drone Strikes Effect on Russian Oil Refining Capacity

Recent estimates suggest that drone strikes have taken out 900,000 barrels per day of Russian oil refining capacity. JPMorgan Chase's analysis indicates that restoring the capacity could take several weeks to months, leading to potential disruptions in oil exports. The ongoing attacks on multiple oil refineries across Russia have spurred the country to consider increasing exports through western ports to offset the damaged capacity.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.