Attacks on Russian refineries will cause oil shortages

Significance The rising frequency of drone attacks is raising the risk of oil product shortages within Russia. Already Western sanctions on the supply of spare parts had made the maintenance and repair of Russian refineries more difficult, with shutdowns running longer than expected. Added to drone damage, the government fears a fall in the domestic supply of petrol and diesel. Impacts Russia will continue with its own missile and drone campaign against Ukraine’s critical infrastructure. Moscow’s agreements with OPEC+ could be adjusted to reflect changes in its output caused by refinery outages. The United States will seek to reduce the impact of Ukrainian strikes on global prices for crude and oil products.