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Fire at an oil depot in Russia’s Bryansk region caused by a Ukrainian drone
Russia Ukraine Politics
Tim Crawford
26 February 2024
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Russian refining under siege

Ukraine is striking deeper into Russian territory as it seeks to disrupt its enemy’s oil supplies, but the impact remains limited

The first two months of 2024 have seen Ukraine increase the range and frequency of drone attacks on Russian oil infrastructure, but while refining runs have taken a temporary hit, the impact on fuel supply should not be overstated. Ukraine has ramped up drone strikes against Russian oil refineries significantly in recent months. These attacks aim to divert military and economic resources away from the war, gain knowledge of Russian air defence systems and improve on drone designs and tactics. The impact on Russian fuel production should not be overstated, however. The drones being used carry only small payloads, and many of the facilities targeted so far were originally built during the Cold

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Trump’s bid to reshape the global energy order
10 March 2026
From Venezuela to Hormuz, the US—backed by the most powerful military force ever assembled—is redrawing not only oil and gas flows but also the global balance of energy power
The diesel crisis
10 March 2026
By shutting the Strait of Hormuz, Iran has cut exports of distillate-rich Middle Eastern crude, jet fuel and diesel, and is holding the energy market hostage
Navigating the next LNG cycle
10 March 2026
Eni’s director for global gas and LNG portfolio, Cristian Signoretto, discusses how demand will respond to rising LNG supply, and how the company is expanding its own gas and LNG operations through disciplined, capital-efficient investments
OPEC+ boosted production before crisis
9 March 2026
Petroleum Economist analysis sees increases in output from Saudi Arabia, Venezuela and Kazakhstan among others before region’s murky descent

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