Key facts
- Russia's crude oil exports are at their highest level since the 2022 invasion of Ukraine.
- Drone attacks by Ukraine have targeted Russia's oil refineries.
- The attacks are forcing more Russian crude oil into the global market.
- Russia faces domestic refined product supply issues but is increasing crude sales.
Russia is exporting the highest volume of crude oil since its 2022 invasion of Ukraine. This surge in exports comes as Ukraine has intensified drone attacks on Russia's domestic oil refineries. While these attacks are impacting Russia's refining capacity and leading to domestic refined product supply issues, they are simultaneously pushing more crude oil onto the global market. This situation highlights the complex interplay of geopolitical conflict, targeted infrastructure attacks, and global energy supply dynamics.