Chris Weafer

President Vladimir Putin dismisses severe fuel shortages in Russia caused by Ukrainian attacks on oil refineries and energy facilities, insisting the war on Ukraine will continue until his objectives are met. Despite reduced gasoline production and rationing in Russia, Putin downplays the impact and rejects ceasefire proposals.

President Vladimir Putin dismisses fuel shortages in Russia caused by Ukrainian attacks on oil refineries, maintaining that the war on Ukraine will continue until his objectives are met. Over 50 Ukrainian strikes since March have damaged Russian energy infrastructure, reducing gasoline production by 17% and prompting rationing in many regions.

Putin dismisses fuel shortages in Russia caused by Ukrainian attacks on oil refineries, claiming the crisis is 'not critical' and vowing to continue the war until his objectives are met. Despite reduced gasoline production and rationing, Putin attributes the energy facility damage to Ukraine's efforts to divert attention from battlefield losses.

Ukrainian drone attacks on Russian oil refineries have caused a fuel crisis, leading to long gas station queues, rationing, and a 25% drop in crude oil processing. President Vladimir Putin acknowledged supply issues but called shortages 'temporary,' while analysts noted 33% of Russia's refining capacity is offline, exacerbating demand during the agricultural season.

Ukrainian drone attacks on Russian oil refineries have caused a summer fuel crisis, leading to gas station shortages and long queues. President Vladimir Putin acknowledged the issues, but the situation remains critical as fuel production has dropped significantly.

Ukrainian drone attacks on Russian oil refineries and infrastructure have caused a fuel crisis, leading to gas station shortages, rationing, and long queues across Russia. President Vladimir Putin acknowledged the issue, calling it 'temporary,' but citizens report worsening conditions. Analysts note Russia's gasoline production has dropped 17% since 2023, with a third of refining capacity offline.

The UAE's exit from OPEC is highlighted as a sign of the organization's reduced influence on global oil pricing. Chris Weafer notes that this move weakens OPEC's ability to control oil markets.