Strikes on Refineries May Again Lead to Petrol Shortages in Russia
Published
According to Bloomberg, new Ukrainian attacks on oil refineries in Ufa and in the Volga region could jeopardise the recovery of Russia's fuel sector. This is reported by NV. The point is that Russian industry had recently been gradually returning to work, but the strikes could slow this process down again.
Refineries process oil into petrol, diesel fuel and other petroleum products. When such plants stop or operate below full capacity, the volume of fuel on the market decreases. According to Bloomberg, oil refining volumes currently remain below normal levels. This matters because refining determines how much petrol reaches petrol stations.
If production volumes continue to stay low, some regions of Russia could again face a petrol shortage. Such a situation has occurred in past periods, when attacks on plants led to interruptions in fuel sales. However, the Bloomberg material does not report how significantly prices or supply volumes might change in the near future.
Thus, the situation in the fuel sector remains tense. The recovery of refining depends on how quickly the damaged facilities can return to full operation and how serious the new attacks turn out to be. Further data on the condition of the refineries and fuel availability on the market has not yet been published.
Sources: NV
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