Russia extends permission to sell Euro-2 to Euro-4 fuels until July 2027 to mitigate supply shortages from refinery damage caused by military strikes.
Russia's oil product production index fell nearly 22% in June year-over-year amid significant refinery disruptions and slower fuel price growth.
Russian ballistic missile strikes on Kyiv injured six as air raid warnings were delayed. The attacks reflect escalating conflict with significant civilian and infrastructural damage.
The Saratov oil refinery has suspended operations after Ukrainian drone attacks damaged its primary processing unit, exacerbating fuel shortages in Russia.
Fuel prices in Crimea nearly doubled in early July amid Russia's domestic supply shortages and export restrictions, with prices rising 78.4% on average for the week.
Cuba's electrical grid suffered a total blackout amid worsening fuel shortages and intensified U.S. sanctions, further deepening the island’s energy crisis.
Russia permits circulation of higher-sulfur Euro-3 fuels domestically until 2026 to address fuel shortages caused by refinery strikes and supply disruptions.
June saw a 29% drop in Russian drone strikes and a 15% decrease in missile attacks on Ukraine compared to May, though experts caution this may be temporary amid ongoing conflict.
Russia limits gasoline and diesel sales in over 50 regions due to supply disruptions from Ukrainian drone attacks on oil refineries.
The US Treasury has broadened sanctions on Cuba, targeting President DÃaz-Canel and Castro family members amid escalating political tensions and economic challenges.
Lufthansa will cancel 20,000 flights from June to October 2026 to save over 40,000 tons of jet fuel amid rising energy costs and Middle East instability.