RUSSIA – Several Russian districts have implemented fuel purchase limitations in response to ongoing Ukrainian drone raids on oil refineries, raising fears about domestic petroleum supply. Rosneft, the state-owned oil corporation, is said to have limited petrol purchases to 30 litres in urban areas and 50 litres along roads in impacted regions. The attacks have hampered refinery operations, especially at the large Kirishi complex, putting pressure on Russia’s petroleum supply and distribution networks. Prolonged refinery outages might have an impact on global petroleum supplies, refining margins, and transportation costs, thereby influencing conventional base oil markets as well as the competitiveness of re-refined base oils.
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(Source: Reuters)