Posted on 03/29/2024 10:30:25 AM PDT by canuck_conservative
Gasoline production in Russia has fallen after a series of strikes by Kyiv on the country's oil refineries, figures show. Rosstat, Russia's Federal State Statistics Service, said that in the week ending March 24, the nation's production of motor petrol fell by approximately 7.4 percent to 754,600 tons compared to the week prior, when production was at 815,300 tons, local media reported.
Moscow depends on its oil exports and energy industry, which make up some 30 percent of the country's budget revenues and are crucial for the funding of the war in Ukraine.
Kyiv ramped up its attacks on Russian refineries beginning this year. On January 18, Ukraine launched a drone attack on a St. Petersburg oil terminal, about 620 miles from the Ukrainian border.
Another of its drone attacks, near St. Petersburg on January 21, struck a major gas export terminal—a Novatek PJSC gas-condensate plant in the port Ust-Luga—causing a huge fire and halting fuel supplies. Ust-Luga is Russia's largest Baltic port, and the Security Service of Ukraine (SBU) claimed responsibility for that attack, the Kyiv Post reported.
Earlier this month, Bloomberg reported that the refineries forced to stop operations over the space of a week were collectively responsible for 12 percent of Russia's national oil refining capacity. Reuters estimates that figure has now risen to 14 percent.
The latest oil hub to have halted operations due to Ukrainian drone attacks is Russia's Rosneft-owned Kuibyshev mid-sized oil refinery near the city of Samara on the Volga river, Reuters reported on Thursday, citing two industry sources. The facility was struck last week...
The head of the SBU, Vasyl Malyuk, declared this week that it is behind all attacks on Russian oil hubs and that they will continue, spelling more trouble for the Russian leader ahead...
(Excerpt) Read more at newsweek.com ...
India yielded to the sanctions and ceased all purchases from Russia
The article said the Indians would buy from America. I suspect that Saudi Arabia and the UAE might help out as well.
New Squeak.
By and large, these journalists are almost completely innumerate, let alone not having any engineering background.
Aaaaand I’m stealing that one. 😄
The ONLY reason India was buying so much Russian oil was because of the huge discount they were buying it at.
Peter Zeihan has been saying that the Russian oil production was going to steadily decrease because they can not repair at of their production facilities. That without the western technology and skills that they will be steadily decreasing as everything breaks and no one knows how to fix it.
Similar to what we have seen over the last thirty years in Venezuela.
The problem is that a lot of the Russian oil comes from areas where there is perma frost. If it stops pumping, they may need technology and money that they do not have to bring it back on line.
Mong propaganda.
Russia launches barrage of 99 drones and missiles on Ukraine’s energy system, officials say
700,000 people lost power last week when Kharkiv’s thermal power plant was attacked
Associated Press
Published March 29, 2024 2:14pm EDT
Payback.
Meanwhile, Ukraine is destroying critical Russian industry and the Black Sea Fleet
Yes, payback
And here I thought initially that brass tube was a homemade Hamas rocket launcher.
wHY DO YOU THINK OIL IS UP OVER 80 BUCKS A BBL? Putin is not producing.
Thanks for that very good news!
It’s a free range meme!
Set free to wonder and bring joy!
Mong propaganda.
But Russia has friends like China. China can build a coal burning power plant in 10 days. Cheep labor too.
Ours is also in trouble, but the harm to ours is self-inflicted.
“Meanwhile, Ukraine is destroying critical Russian industry and the Black Sea Fleet”
Meanwhile, Ruzzia controls Russian Speaking Territories in YouCrayne.
When is Ukie Summer Offensice v2 going to happen
For God’s sake people, download the global energy spreadsheet and understand oil and gas. It’s a matter of numbers. Geology does not care who has a white hat or a black hat.
1) Russia’s oil production is not production. Nobody’s oil production is production. It is EXTRACTION. It is not manufactured. Russia’s number is 9.5ish million barrels per day of oil that has lots of gasoline AND diesel in it. That number is down from about 11. They are one of the two major members of OPEC+ and KSA/Russia agreed on the 9.5 number.
2) US oil extraction is 13 mbpd, but it’s not diesel rich. And frankly, 30 years ago it would not be called oil. It would be called condensate or natural gas liquids. It is Light Tight Oil, emphasis on Light — which means gasoline rich — diesel and kerosene (jet fuel) poor. NGLs and Condensate are certainly not worthless. They are plastic feedstocks, but you can’t build a society on no diesel.
3) India’s consumption growth is startling. 2022 (the last year for which data is available (will update in June to 2023)) India’s domestic consumption was 5.2 million bpd. That was an 8% rise from 2021. India’s domestic production (extraction) is 737K bpd and is in terminal decline down from 900K 10 yrs ago. So they HAVE to import 4 mbpd. The bit US export announcement was 250K bpd (for 3 ships carrying millions, which are the entirety of the contract).
Point being, it would not matter if India hated Russia and everything about Russia, they have to have the oil and Russia has the right crude blend. It’s not a matter of price. It’s a matter of civilization’s lifeblood. The US consumes 20 mbpd and extracts 13. Think about that when you want to celebrate exports.
>Putin wanted a War, he got one<
NATO and the MIC wanted a war, they got one.
Do yourself a favor. Educate yourself about the current Russian economy. A twelve minute investment will keep you from making such foolish remarks.
By economist James K. Galbraith, professor at the University of Texas at Austin.
https://youtu.be/y4T5gmAndFk?si=9DtdIZjOc5dMu4x9
“NATO and the MIC” didn’t invade a sovereign country with no provocation
Putin did
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