Overview

• Reuters estimates at least 17% of Russia’s oil refining capacity, roughly 1.1 million barrels a day, is offline following Ukrainian strikes on 10 plants.
• Moscow has extended fuel export restrictions through September after record wholesale prices and tightening supplies, with Deputy Prime Minister Alexander Novak convening a supply meeting.
• Regional shortages have produced long queues and station closures, including reports from Vladivostok and Russia’s Far East, as well as dry pumps in Crimea and parts of Zaporizhzhia.
• Ukraine’s Security Service confirmed involvement in the Ust-Luga terminal attack, while the General Staff said HUR and Unmanned Systems Forces struck the Syzran refinery.
• Outages coincide with peak summer demand and repairs slowed by sanctions, with a fire at the Novoshakhtinsk refinery still reported burning on Monday.