Russia's oil refining reaches lowest level in over two decades after record series of attacks on refineries, Bloomberg reports
Oil refining in Russia dropped to its lowest level since March 2005 due to a series of attacks on refineries. Reports indicate that production fell to 3.91 million barrels per day, approximately one-third below seasonal norms. Responses include export bans on fuel and reliance on supplies from Belarus and Kazakhstan.
Claims & verification status
Oil production in Russia fell to 3.91 million barrels per day in July 2023, which is approximately one-third below seasonal norms.
Russia's oil refining has dropped to its lowest level in over two decades after a record series of attacks on refineries.
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Impact analysis
Who claims what
- —Oil refining in Russia dropped to its lowest level since March 2005 after a series of attacks on refineries, per Bloomberg.
- —Production in July 2023 fell to approximately 3.91 million barrels per day, about one-third below seasonal norms, per Bloomberg.
Our assessment
If the reported drop in Russian oil refining levels holds, this could represent significant disruption for energy markets, particularly those dependent on Russian exports or…
Sources & evidence
Who this event matters for
Our assessment flags these sectors: energy, logistics, finance, insurance, commodities, manufacturing. Use the impact analysis above for counterparties, 24–72h watch items and what remains unconfirmed — not as legal or investment advice.
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