Russia sells cheaper fuel abroad and pays to keep its own pumps running amid Ukraine’s refinery strikes, but crude money still flows
After Ukraine’s drone strikes on refineries, Russia’s diesel exports, once its biggest fuel export, fell to a decade low.
Russia increased its seaborne exports of refined oil products in September, with fuel oil shipments reaching their highest level since April and naphtha shipments rising by 35%. Diesel shipments, however, fell to their lowest in over a decade as Ukrainian refinery strikes disrupted exports. To maintain domestic fuel supplies, Russia kept diesel fuel at home and paid oil companies to supply its pumps.
High global crude prices helped offset the fall in revenue from diesel exports. Despite Ukraine's long-range drone attacks crippling more than half of Russia's oil refining capacity, crude export earnings remained high. Russia's revenue from crude exports reached nearly its highest level since the invasion began, with Brent crude prices trading at around $102.60 a barrel.
Written by urgent.news from Euromaidan Press's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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- 35 killed in strikes on Ukraine's Donetsk region as Russia reports four dead across Belgorod euronews.com
- Ukraine pushes Russia back in Donetsk as military, civilian casualties soar aljazeera.com
