MOSCOW: Damage caused by Ukrainian drone strikes has reduced Russia’s oil refining volumes to 21-year lows, commodities data and analytics firm Kpler said on Tuesday. Russian refinery crude runs have fallen to around 3.80 million barrels per day to date, the lowest level in well over two decades. Refinery downtime and attacked capacity stands at around 4.3 million bpd in July-to-date. Kpler expects Russian refinery runs to remain largely subdued through the third quarter, with only a limited recovery, as continued drone strikes and ongoing repairs constrain refinery operations.

Russian refinery output hits a 20-year low after Ukrainian strikes. Crude oil reaching a new all-time high by September 30 at 5.4% YES.

Russia's oil output falls to a 2.5-year low amid drone attacks. Crude oil reaching a new all-time high by December 31 at 13% YES.