As Ukraine Cripples Russian Refining, Global Diesel Markets Pay the Price
Strikes Iran Again as Brent Slips Despite Escalating Conflict What I Cover Julianne Geiger is a veteran energy journalist and market analyst with more than a decade of experience covering the global oil and… Since March, Ukraine hassystematically dismantledRussia’s refining system, driving crude processing to its lowest level in 21 years and forcing Moscow to ban exports of gasoline, jet fuel and diesel.
Russian refineries processed an average of 3.91 million barrels of crude per day in early July, according to Energy Aspects data cited byBloomberg.
That was more than 1.4 million barrels per day below the previous year’s average and the lowest national processing rate since March 2005.
Ukraine has hit at least 24 of Russia’s 34 large refineries in roughly 50 attacks over the past 100 days.
The July 6 attack on the Omsk refinery removed the last geographic sanctuary inside Russia’s refining system.
Omsk lies more than 2,000 kilometers from the front and processed about 22 million tonnes of crude in 2024, making it Russia’s largest refinery.
The strike reportedly damaged ELOU-AVT-11, a primary unit capable of processing8.4 million tonnes of crudeand 1.2 million tonnes of gas condensate per year.
A second large primary unit, AVT-10, was also reported damaged.
The attack reportedly damaged primary crude distillation units, the equipment that allows a refinery to accept and separate crude oil into usable feedstocks.
Ukraine has spent 2026 moving through the Russian refining system, plant by plant.
Saratov halted operationsafter a March strike.Kirishi, one of the largest refineries in European Russia, lost capacity after attacks in March and May.Norsi in Kstovosuffered repeated strikes, including reported damage to a primary processing unit.
The Moscow refinery was hit several times in June and may remain offline through the end of the year.
| Product | Price | Change |
|---|---|---|
| Brent Crude | $102.14/bbl | +0.34% |
| WTI Crude | $96.90/bbl | +0.21% |
| EN590 Diesel | $846/MT | +0.18% |
| Jet Fuel A-1 | $1090/MT | +0.55% |
| Mazut M100 | $450/MT | -0.15% |
| Bitumen 60/70 | $470/MT | +0.08% |
| Sulphur Gran 99.5% | $470/MT | -0.44% |
| Urea 46% Gran | $650/MT | +1.12% |
| NPK 16-16-16 | $460/MT | -0.28% |
| Nat Gas TTF | $15.42/MMBtu | +0.92% |
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