Ukraine's Drone Attacks Cripple Russian Fuel Exports
Ukraine's drone attacks on Russian refineries have significantly impacted Russia's seaborne fuel exports, causing a plunge in exports and domestic fuel shortages.
According to Reuters estimates, seaborne fuel shipments from Russia decreased by 17.1% in September compared to August, with 7.58 million metric tons of fuels exported by sea.
Shipments from Russian ports on the Baltic Sea, Black Sea, and Azov Sea declined by 15% to 23%, while exports from Arctic ports increased by 1%.
Futures remain backwardated and strong.
Tsvetana, a writer for Oilprice.com, reports on the effects of Ukraine's drone attacks on Russian fuel exports, with over a decade of experience writing for news outlets.
Author's summary: Ukraine's drone attacks cripple Russian fuel exports.