UkrainePublished: 15 July 2026 at 04:37
Ukrainian drone strikes cause Russian oil refining to hit lowest since 2005, global diesel prices rise
Sustained Ukrainian drone attacks on Russian oil refineries have driven Russia's refining output to its lowest level in nearly two decades, leading to a spike in global diesel prices.
Russia's oil refining has collapsed to its lowest level since 2005 after months of sustained Ukrainian drone strikes. The attacks have systematically damaged Russian refineries, reducing their capacity. As a result, global diesel prices have begun to climb as markets react to reduced supply from one of the world's largest exporters. Analysts warn that the situation could worsen if the strikes continue, further tightening the global fuel market.
