Ukrainian Drone Strike Halts Major Russian Refinery in Volgograd

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Why This Matters

A Ukrainian drone attack has halted operations at a major Russian oil refinery in Volgograd, affecting oil processing capacity and potentially disrupting fuel production.

Market Impact

Market impact analysis based on bearish sentiment with 80% confidence.

Sentiment
Bearish
AI Confidence
80%
Time Horizon
Short Term

Article Context

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Russia’s Volgograd oil refinery suspended oil processing on Wednesday after a Ukrainian drone attack triggered a fire at the plant. The Lukoil-owned refinery is a major Russian oil processing facility in Volgograd City in southern Russia. The refinery has been operating since 1957 with a capacity of ~300,000 bpd (14.5 million tons/year), and processed an estimated 13.5–13.7 million metric tons of oil in 2024. The facility produces gasoline, diesel, kerosene, and lubricants, with recent modernizations focused on increasing efficiency…

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Original article published by OilPrice.com on February 12, 2026.
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