Kyiv Links Ukrainian Attacks on Russia To Surge in Western Oil Earnings

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Ukraine claims its attacks on Russian oil infrastructure, coupled with Western sanctions, are boosting refining margins for major Western oil companies like ExxonMobil, Chevron, Shell, and TotalEnergies. This is attributed to disruptions in Russian oil-product exports and a constrained global fuel supply, resulting in higher profits for these companies.

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Bullish
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75%

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Ukraine’s defence agencies are claiming that their campaign of strikes on Russian oil infrastructure, combined with Western sanctions, are indirectly benefiting major Western oil companies. According to The Kyiv Independent, Ukraine’s military and energy officials attribute rising refining margins at ExxonMobil, Chevron, Shell, and TotalEnergies to disruptions in Russian oil-product exports and constrained global fuel supply. According to Ukrainian officials, nearly 160 successful strikes have been carried out this year against refineries,…

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Original article published by OilPrice.com on November 3, 2025.
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