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.
Russia’s State Duma revises fuel dampener and compensation rules to curb price swings amid export restrictions and refinery disruptions.
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.
Russia permits circulation of higher-sulfur Euro-3 fuels domestically until 2026 to address fuel shortages caused by refinery strikes and supply disruptions.
The US has extended the temporary license for Serbia’s NIS to operate under sanctions, allowing ongoing crude processing while ownership shifts from Gazprom to MOL Group.
Russia's aviation kerosene imports from Belarus surged nearly fourfold in May amid declining domestic production caused by refinery outages and ongoing military conflicts.
Russia limits gasoline and diesel sales in over 50 regions due to supply disruptions from Ukrainian drone attacks on oil refineries.
Russia plans a 1-2 month ban on diesel and aviation kerosene exports due to refinery disruptions caused by increased drone attacks on fuel plants.
Lukoil’s NORSI refinery in Nizhny Novgorod halves capacity after Ukrainian drone strikes, impacting a quarter of Russia’s refining output.
Global oil stocks declined by a record 200 million barrels in April amid Middle East tensions, pushing inventories close to eight-year lows despite demand drops.