Russia Bans Jet Fuel Exports Through November as Refinery Attacks Cut Processing to 16-Year Low
Updated
Updated · Bloomberg · Jun 1
Russia Bans Jet Fuel Exports Through November as Refinery Attacks Cut Processing to 16-Year Low
6 articles · Updated · Bloomberg · Jun 1
Russia halted jet fuel exports through the end of November to protect domestic supply after refinery disruptions tightened availability at home.
Ukraine’s intensified drone strikes on Russian refineries drove the country’s crude-processing rate to its lowest level in more than 16 years, triggering the move.
The export ban is expected to have little impact on international fuel markets, indicating the measure is aimed mainly at stabilizing Russia’s internal market.
Ukraine has widened its campaign against Russian energy infrastructure—also hitting ports and pipelines—in an effort to reduce the Kremlin’s oil revenue.
If Russia's fuel ban has little impact, why are Ukrainian drone strikes on refineries causing global energy prices to surge?
With Ukrainian drones hitting Russian oil, could surging global energy prices inadvertently refill the Kremlin's war chest?
Amidst escalating attacks, why did the Trump administration grant temporary sanctions waivers for Russian and Iranian oil?