European Diesel Prices Soar as Ukraine Attacks Russian Refineries

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European diesel prices are rising sharply due to Ukrainian attacks on Russian refineries. These strikes disrupt the supply of refined petroleum products. Russia's crude oil processing in June fell 25% from a year ago to 3.95 million barrels per day, the lowest in over two decades. Gasoline production also dropped 17% to 850,000 barrels a day.

The ongoing conflict has led to fuel rationing in over half of Russia's regions. Russian diesel output fell by about 10% in May, following a similar drop in April. On Hyperdash,

WTI Crude is up +0.02% and Brent Crude is up +0.00%.

SourcesBloombergReutersAP News

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