Russia’s ability to keep making fuel at the normal pace is looking increasingly precarious following a surge in Ukrainian drone attacks on the nation’s oil refineries, including a fresh incident on Friday.

Ukrainian drones have allegedly attacked the area of an oil refinery and an oil depot in Volgograd. Russian authorities have claimed that falling drone wreckage caused a fire at the oil refinery. Source: BBC News Russian with reference to social media;

The crude oil market is adapting quickly to the new sanctions against Russia's shadow fleet of tankers, albeit by creating both short- and medium-term winners and losers.

A tanker sanctioned by the US this month has discharged Russian oil in China after an unusually long journey in which it changed its destination from Shandong province, a hub for independent refiners.

Russian officials say rescue workers have successfully removed almost 1,500 tons of oil stranded onboard a tanker that ran aground in December, sparking a devastating oil spill that has damaged miles