As the Iran war continues to choke flows through the Strait of Hormuz and scramble global crude markets, Moscow’s flagship Urals blend is essentially printing money.
Another big giant present with a bow on top from Trump to Putin.
I guess this is countered by Ukraine repeatedly hitting their refineries
Here’s an infographic dated May 8th. The oil barrel in the bottom left shows the theoretical maximum impact of strikes if they somehow took all refineries they hit offline completely.
Ukraine is pretty good at targeting the right units when they hit a refinery, but it’s not perfect. Either way looking at economic output sources Russia made half as much money from oil last year as 2022, and the refinery strikes are picking up speed. Tuapse was a giant hit to them. Ukraine hit it 5 times in a row… Most of Russia’s biggest oil refineries feeding Europe have been hit repeatedly by long range drones.
I guess this is countered by Ukraine repeatedly hitting their refineries
Here’s an infographic dated May 8th. The oil barrel in the bottom left shows the theoretical maximum impact of strikes if they somehow took all refineries they hit offline completely.
Ukraine is pretty good at targeting the right units when they hit a refinery, but it’s not perfect. Either way looking at economic output sources Russia made half as much money from oil last year as 2022, and the refinery strikes are picking up speed. Tuapse was a giant hit to them. Ukraine hit it 5 times in a row… Most of Russia’s biggest oil refineries feeding Europe have been hit repeatedly by long range drones.
Edit: clarity and structure.