Iraq Wants to Double Oil Output—and Needs OPEC to Get Out of the Way
Ukraine overnight hit with drones an oil refinery in the Perm region, deep into Russian territory, as the Ukrainian military has been targeting Russia’s oil processing and exporting facilities on a nearly daily basis in the past few weeks.
Ukrainian forces launched a drone attack on Perm, which is over 1,600 kilometers, or 1,000 miles, from the Ukraine-Russia border, hitting an oil refinery, Ukrainian President Volodymyr Zelenskyy said on Friday.
“Last night, our deep strikes hit an oil refinery in Perm, more than 1,600 kilometers from the border, and the Marinovka military air base in the Volgograd region,” Zelenskyy said in a post on X, which was accompanied by footage showing smoke billowing from an industrial complex.
“We continue, through our long-range sanctions, to bring the consequences of the war back to where it came from,” the Ukrainian president said.
Ukrainian media report that the oil refinery was Lukoil’s Permnefteorgsintez crude processing facility, where a large fire broke out as a result of the hit.
Dmitry Makhonin, the governor of the Perm region, said on his Telegram channel that Russian forces shot down 16 drones over the Perm region, but one industrial facility was damaged, with no injuries reported there. The Russian official did not elaborate which facility was hit.
The strike at Lukoil’s refinery in Perm came hours after Ukraine hit a refinery ultimately owned by Rosneft in Russia’s Bashkortostan region earlier this week in a drone attack that sparked a fire.
For several months, Ukraine has been targeting Russian oil refineries in nearly-daily drone attacks to force Putin into peace negotiations while crippling Russia’s fuel supply to the frontline and domestic gas stations.
Amid peak demand season, Russia has been suffering from gasoline and diesel shortages for over three months, as Ukraine’s drone campaign to strike Russian refineries forced many large processing sites offline in the spring and summer.
Saudi Oil Exports from Mediterranean Soar with Shuttles North to Avoid Houthis
China’s Teapots Look Beyond Iranian Oil amid U.S. Blockade
Exxon and Chevron’s $26.5 Billion Quarter Draws Trump’s Ire
Hormuz Draft Agreement Reportedly Awaits Khamenei Approval
Iran Says Hormuz Stays Closed Until U.S. Meets Six Sweeping Demands
Oracle’s $165 Billion Data Center Plan Hits a Gas Pipeline Delay
World's Largest Electric Plane Flies for 27 Minutes on $5 of Power
Europe's Next Energy Crisis Won't Be a War, It'll Be Peak Oil
The Hormuz Crisis Has Forever Changed the Economics of Energy Security
Inside the U.S.–Israel–Saudi Plan to Cut Iran Out of Global Oil
The materials provided on this Web site are for informational and educational purposes only and are not intended to provide tax, legal, or investment advice.
Nothing contained on the Web site shall be considered a recommendation, solicitation, or offer to buy or sell a security to any person in any jurisdiction.
Merchant of Record: A Media Solutions trading as Oilprice.com