Bloomberg: Russia’s oil refining falls to lowest level in 21 years amid Ukrainian strikes

Russia's oil refining capacity has hit a 21-year low, processing just 3.91 million barrels per day in July due to ongoing Ukrainian strikes, according to Bloomberg. This decline highlights the significant impact of the conflict on energy infrastructure. The drop in refining underscores the broader economic repercussions for Russia, potentially affecting global oil supply and prices. For those keeping tabs on geopolitical and economic shifts, this situation exemplifies the far-reaching consequences of regional conflicts on global energy markets.