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.