• 3 minutes Australian power prices go insane
  • 7 minutes Wind droughts
  • 11 minutes  What Russia has reached over three months diplomatic and military pressure on West ?
  • 2 hours Is Europe heading for winter of discontent with extensive gas shortages?
  • 9 mins GREEN NEW DEAL = BLIZZARD OF LIES
  • 2 hours What-If - Russia decided to take out the Saudi and Kuwait oilfields
  • 4 hours "Natural Gas Price Fundamental Daily Forecast – Grinding Toward Summer Highs Despite Huge Short Interest" by James Hyerczyk & REUTERS on NatGas
  • 1 day "As the Earth Cools, the Climate Change Hoax Heats Up" by Michelle Edwards
  • 2 hours PROFOUND ! "Russian Ruble relaunched linked to Gold and Commodities" by the famous Ronan Manly -- (NOTE the censorship by the MultiPolar New World Order of The Great Reset))
  • 1 day 87,000 new IRS agents, higher taxes, and a massive green energy slush fund... "Here Are The Winners And Losers In The 'Inflation Reduction Act'"-ZeroHedge
  • 1 day The United Nations' AGENDA 2030 - The vision for One World Governance ...an article by the famous Dr Robert Malone
  • 3 days "How to Calculate Your Individual ESG Score to ensure that your Digital ID 'benefits' and money are accessible"
China’s Power Crisis Could Spark A Spike In Coal Consumption

China’s Power Crisis Could Spark A Spike In Coal Consumption

China’s power crisis is spreading,…

Heatwave Sends European Gas Prices Higher

Heatwave Sends European Gas Prices Higher

European benchmark gas prices rose…

Russian Refinery Returns To Operations After Drone Strike

Russia’s oil refinery that was struck by drones in June has resumed full operations, Interfax said on Friday, citing authorities.

Russia’s Novoshakhtinsk oil refinery, located in the Rostov region, was struck by two drones in June, after which production at both primary crude oil distillation units was suspended. The attack created an explosion that erupted in fire, Russian news agency TASS said at the time, damaging the refinery’s crude oil tank.

Russian police had said the drones were Ukrainian.

Novoshakhtinsk has a capacity of up to 7.5 million tonnes annually, making it one of the largest oil refineries in southern Russia.

Ukraine has not affirmed or denied that it was responsible for the attack.

The drone was one of several attacks on Russian oil and gas operations following Russia’s invasion of Ukraine. Also in June, Ukraine reportedly attacked offshore oil and gas drilling platforms in the Black Sea, Russian-installed head of Crimea said.

Ukraine has accused Russia of strikes that were too near the Zaporizhzhia nuclear power plant, using the term “nuclear terrorism”. Russia, however, said that Ukraine had carried out artillery strikes near Zaporizhzhia.

A tight refined products market and shrinking global refining capacity have placed increased scrutiny on any refinery production outages as diesel and other finished product inventories fall.

Russia’s refinery restart, which processed 5.2 million tonnes of crude last year, will give Russia additional outlets for its crude oil as many of its usual customers look to curtail imports of Russia’s crude.  Europe currently has a plan in place to stop 90 percent of Russian crude oil imports by the end of this year in order to limit Russia’s access to oil revenues.

By Julianne Geiger for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage



Leave a comment

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News