Results posted by Russia's Lukoil and Gazprom Neft — the country's No. 2 and No. 3 producers — in the first half of the year demonstrate how Russian companies have gained from Mideast war-related oil disruptions that have pushed crude prices up and widened products crack spreads, even as Ukrainian drones continue to target their refineries.
Russian Oil Majors Gain From Mideast War Despite Refinery Strikes
Questions surround Lukoil's ability to recover from drone strikes on its refineries, while Gazprom Neft managed a slight production increase but likewise has downstream woes.
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