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Ukraine's Double-Barreled Drone Strikes Snarl Russian Oil Flows

Bloomberg Markets Tuesday 25 August 2026, 14:33 UTC By Julian Lee 1 min read
Key Points

Ukraine's Double-Barreled Drone Strikes Snarl Russian Oil Flows Black Sea strikes hamper oil flows from Novorossiysk, while crude processing tumbles Ukraine’s two-pronged attacks on Russia’s oil refineries and Black Sea ports are hitting the country’s fuel supplies and at the same time preventing Moscow from diverting crude into exports. In the four weeks through Aug. 23, overseas crude flows fell to 3.46 million barrels a day, tanker-movements data compiled by Bloomberg show. Shipments had...

Ukraine's Double-Barreled Drone Strikes Snarl Russian Oil Flows Black Sea strikes hamper oil flows from Novorossiysk, while crude processing tumbles Ukraine’s two-pronged attacks on Russia’s oil refineries and Black Sea ports are hitting the country’s fuel supplies and at the same time preventing Moscow from diverting crude into exports. In the four weeks through Aug. 23, overseas crude flows fell to 3.46 million barrels a day, tanker-movements data compiled by Bloomberg show. Shipments had previously risen as the strikes on Russia’s refineries left more crude available for export, but that increase is now unwinding, after drone hits on oil tankers cut shipments from the Black Sea.
Ukraine (LOCATION) Russian (ORG) Novorossiysk (ORG) Russia (LOCATION) Black Sea (LOCATION) Moscow (LOCATION) Bloomberg (PERSON) the Black Sea (LOCATION)
Originally published by Bloomberg Markets Read original →

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