Ukrainian Drone Strike Halts Russia’s Fourth-Largest Oil Refinery
Market Intelligence Analysis
AI-PoweredA Ukrainian drone strike has halted operations at Russia's fourth-largest oil refinery, Ryazan, which is expected to remain idle until the end of the month, impacting oil production and potentially leading to supply chain disruptions.
Market impact analysis based on bearish sentiment with 74% confidence.
Article Context
Rosneft’s oil refinery at Ryazan, Russia’s fourth-largest, has suspended crude processing after a Ukrainian drone attack this weekend, industry sources told Reuters on Tuesday. The Ryazan refinery, which has been targeted – and hit – by drone strikes all year, has now halted its main crude distillation unit. “The plant is expected to remain idle until the end of the month. No (oil product) loadings are planned before December 1,” according to one of Reuters’ sources. …
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