Russia Fuel Crisis: Lost Nearly 40% of Oil Refining Capacity
Russia Fuel Crisis: Lost Nearly 40% of Oil Refining Capacity Several regions in Russia and parts of Ukraine it controls are reporting gasoline shortages after Ukraine stepped up attacks on Russian oil refineries this month, and amid a seasonal surge in fuel demand. Russia imposed a gasoline exports ban for oil producers on July 28 in a bid to prevent shortages at a time of peak demand because of summer travel and grain harvesting. But some market participants said this will not be enough to avert a fuel crunch.
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