IEA: Drone Attacks on Russian Refineries Could Upset Global Fuel Markets

The drone attacks from Ukraine on Russian refineries could disrupt fuel markets globally, the International Energy Agency (IEA) said on Friday, estimating that up to 600,000 barrels per day (bpd) of Russia’s refinery capacity could be offline in the second quarter. Global markets “rely on Russian exports of diesel, naphtha and jet fuel, while refining systems in Asia absorb substantial quantities of the country’s straight-run and cracked residue to boost upgrading unit feedstocks,” the IEA said in its monthly Oil Market…