Russia’s fuel crisis: Difficult but not catastrophic
International and opposition media claim that two-fifths of the country’s refining capacity is offline, but the true situation is not so dire
Russia is in the middle of a fuel crisis, caused mainly by a surge in the frequency and impact of Ukrainian drone strikes on its refineries. While some regions are struggling with shortages and wholesale prices have climbed, the situation is not as dire as some international and Russian opposition media claim. In particular, the widely circulated assertion that nearly two-fifths of Russia’s refining capacity is offline deserves scrutiny. Range, frequency, intensity Ukraine began intensifying drone attacks on Russian refineries and oil infrastructure in early 2024, as Petroleum Economist previously reported. The strikes initially aimed to disrupt supplies to the military and war-related indus
Also in this section
16 February 2026
As the third wave of global LNG arrives, Wood Mackenzie’s director for Europe gas and LNG, Tom Marzec-Manser, discusses with Petroleum Economist the outlook for Europe’s gas market in 2026
13 February 2026
Artificial intelligence is pushing electricity demand beyond the limits of existing grids, increasing the role of gas and LNG in energy system planning as a fast, flexible solution
13 February 2026
Panellists at LNG2026 say demand growth will hinge less on the level of global supply and more on the pace of downstream buildout, policy clarity and bankable market frameworks
13 February 2026
The Middle Eastern gas giant and Asian energy heavyweight ink a 20-year landmark LNG agreement at LNG2026 in a significant step towards strengthening global energy partnership






