Experts note that successive Ukrainian drone raids on refineries have reduced their production capacity by 600-900 thousand barrels per day. This will strongly affect the volume of Russian exports of oil products and price changes on the world market.
Thorbjorn Törnqvist, head of oil trading company Gunvor Group emphasizes that due to drone attacks production capacity has been reduced by 600 thousand barrels per day, Bloomberg writes.
"This is significant because it will affect the export of oil products, reducing it by several hundred thousand barrels per day, and, in my opinion, it creates a problem for the market of oil products," said Turnquist.
According to estimates of the US bank JPMorgan Chase, the consequences of the Ukrainian attacks were even more extensive, reducing the production capacity of Russian refineries by 900 thousand barrels per day. Analysts point out that recovery work could take several months, which has already triggered a rise in crude oil prices on world markets to four dollars per barrel.
Nevertheless, Törnqvist believes the crude oil market is in balance and prices are fair. He also predicts that U.S. oil production growth will slow from a year earlier, while production in countries outside the OPEC oil cartel will remain flat this year.
