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The impact from Ukrainian drone strikes will suppress Russia's refinery processing rates until at least mid-2026, Bloomberg reported, citing the International Energy Agency's report.

Ukrainian drone attacks against Russian oil infrastructure have so far cut Russia's crude processing by an estimated 500,000 barrels a day, the IEA said, adding that it sees Russian processing rates at "just under 5 million barrels a day (mb/d) through June 2026."

Russian fuel supplies to other countries in September reached 2.4 mb/d, the lowest in a decade, excluding April 2020 during the pandemic. To compensate for the decline, Moscow increased crude exports to 5.1 mb/d, a record high since May 2023.

Still, Russia's oil export revenues declined to a three-month low of $13.4 billion, the agency estimated. The decline came as Moscow's crude supply revenues, which rose $200 million month-on-month, were offset by a $440 million drop for oil-product exports.

https://bloomberg.com/news/articles/2025-10-14/iea-sees-drone-strikes-weighing-on-russia-oil-processing-till-mid-2026
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