Updated
Updated · Bloomberg · Jun 20
Russia Ships 3.83 Million Barrels a Day of Crude as Ukraine Drone Strikes Hit Refineries
Updated
Updated · Bloomberg · Jun 20

Russia Ships 3.83 Million Barrels a Day of Crude as Ukraine Drone Strikes Hit Refineries

3 articles · Updated · Bloomberg · Jun 20

Summary

  • Russia’s four-week average crude shipments held at 3.83 million barrels a day through June 14, matching the highest pace of 2026 so far despite lower production.
  • Ukraine’s continuing drone attacks on Russian refineries are pushing more unprocessed barrels onto export markets by curbing domestic refining capacity.
  • Year-to-date crude flows averaged 3.49 million barrels a day, above the annual averages for every year since Moscow’s February 2022 invasion of Ukraine.
  • The export resilience shows refinery disruptions are reshaping Russia’s oil balance, sending more crude abroad even as output declines.

Insights

With its refineries burning, is Russia's oil export surge a clever pivot or a prelude to economic collapse?
Are Ukrainian drone strikes successfully defunding Russia's war, or just driving up global oil prices for everyone?
How is Russia's massive 'shadow fleet' evolving from a sanctions-busting tool into a global security threat?