Russia’s oil product production index fell nearly 22% in June amid operational disruptions from conflict-related attacks, impacting supply and pricing dynamics.
The Russian State Duma amended the fuel dampener and trading rules to enhance domestic fuel supply and price stability amid export restrictions and refinery disruptions.
The Saratov refinery has halted operations after Ukrainian drone strikes damaged its primary processing unit, worsening fuel shortages in Russia amid ongoing refinery attacks.
In June 2024, Russian drone and missile strikes on Ukraine dropped significantly, raising questions about Russia’s military production and strategic intentions.
Bulgaria’s Prime Minister Rumen Radev announced a veto on the EU’s latest Russia sanctions package, citing economic risks to key sectors and opposing sanctions on Patriarch Kirill.
Lukoil's Nizhny Novgorod refinery cut over half its processing capacity after Ukrainian drone attacks, affecting about 25% of Russia’s oil refining output.