✅✅Attacks on Russian refineries do not significantly reduce the global supply of crude oil, according to Volodymyr Omelchenko, director of the energy programs at the Razumkov Center.
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The appeal by U.S. President Donald #Trump to stop attacks on Russian refineries focuses on a secondary cause of the diesel shortage.
A much more important factor in this matter is the war in the Middle East, as it has led to a drop in exports from the Persian Gulf, a more expensive freight rate, and a reduction in reserves, he writes in an article titled "Trump blames Kyiv for expensive diesel. Who is really disrupting the market and what should Ukraine do?".
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The current oil crisis is being shaped by three factors, which differ in scale:
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🔹A strong limitation on flows through the Strait of Hormuz;
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🔹The wartime risk in Bab-el-Mandeb and the vulnerability of the Saudi East-West pipeline, the main alternative land route to the Strait of Hormuz;
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🔹A reduction in Russian refining capacity due to Ukrainian attacks.😻
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