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

Markets Contact us:Provide news feedback or report an error Confidential tip?Send a tip to our reporters Site feedback:Take our Survey By Julian Lee August 25, 2026 at 2:33 PM UTC 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.