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Ukrainian Attacks Disrupt Moscow
An unprecedented wave of Ukrainian attacks on Russian oil refineries has caused a sharp decline in oil refining operations, reaching their lowest levels in over two decades. This has led to a worsening fuel shortage and long lines at gas stations in Moscow and its surroundings. Ukrainian strikes repeatedly targeted the refineries, with 21 attacks recorded in August, which resulted in oil processing dropping to approximately 3.8 million barrels per day in August, compared to 5.3-5.5 million barrels during the same period last summer. As a result, the production of gasoline and diesel decreased by about 20% and 23%, respectively. Diesel supplies within Russia remained slightly lower due to summer export restrictions, further exacerbating the fuel shortage in the domestic market.
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