Are drone attacks affecting Russian oil refineries?
Drone attacks have intensified in recent months, reaching major oil refineries deep inside Russian territory. In January, an attack hit a major gas export terminal in Ust-Luga near St. Peterburg, about 900 kilometers from the Ukrainian border, affecting its operations for several weeks.
Will Russian crude recover after Q2?
Looking ahead to Q2, all other things equal, Russian crude runs could recover close to a year ago levels ending-Q2 in-line with official targets, but if drone attacks were to resume at the intensity seen in March, then the Russian refinery system could remain under pressure.
Are drones targeting Russia’s third-largest refinery in Tatarstan?
A Lukoil refinery in Nizhny Novgorod. Gleb Nikitin / Telegram In one of the latest cases, on April 2, drones targeted Russia’s third-largest refinery in the republic of Tatarstan, some 1,300 kilometers from the Ukrainian border.