Source for the 900,000 barrels a day estimate is from this piece here:
- JPMorgan Chase, meanwhile, estimated the Ukrainian attacks had taken about 900,000 barrels a day of Russian oil refining capacity offline. It could be “several weeks, if not months” until the capacity was restored,
- According to multiple media reports, there have been 15 drone attacks against 13 oil refineries in nine regions of Russia in 2024, including nine in just one week.
- the country will increase oil exports through its western ports in March by almost 200,000 barrels per day or by around 10%, and it is expected that there will be further increases due to the continuing attacks on refineries.
This article was written by Eamonn Sheridan at www.forexlive.com.
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