Crude Oil, Refined Products, Fuel Oil

December 31, 2024

Ukrainian drone hits oil depot in Russia's Smolensk region: authorities

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HIGHLIGHTS

Oil storage facility hit in Yartsevo district

Fuel and lubricant supplies catch fire

10 drones downed over Smolensk region

An overnight drone attack set fire to oil storage facilities in western Russia's Yartsevo district near the border with Belarus, according to local authorities and Russia's defense ministry.

In a statement on Telegram Dec. 31, Smolensk regional governor Vasily Anokhin said that a Ukrainian attack had targeted an oil depot in Yartsevo, triggering a fire at the site after a drone was shot down by Russian air defenses.

"The wreckage of one of the unmanned aerial vehicles fell on the territory of the oil depot. As a result, there was a fuel spill and a fire of fuels and lubricants began," said Anokhin.

In a later statement around midday local time, he said the situation "is under control" after emergency services were deployed at the scene in the early hours of the morning.

According to a statement from Russia's ministry of defense, 10 Ukrainian drones were downed over the Smolensk region overnight. Anhokhin wrote that neighboring regions including Bryansk, Kursk and the Krasnodar territory were also hit, calling the incident part of a "massive attack" on Russian territory.

While previous Ukrainian drone attacks have proven a strike range of up to 1,400 km, oil storage reserves close to the border have remained in a precarious position as attacks have focused on hitting potential fuel supplies for Russia's military.

In the most recent attacks, an oil depot in the Russian village of Stalnoy Kon, Oryol, which sits along the country's Transneft-operated diesel pipeline, was struck repeatedly Dec. 14 and Dec. 22, while a Dec. 11 incident targeted a depot in Byransk, also situated along the pipeline.

A Dec. 18 attack on the 112,000 b/d Novoshakhtinsky refinery has kept authorities alert for larger-scale incidents targeting Russian fuel production capacity, meanwhile, after a lull in drone strikes on some of the country's largest scale facilities that reached their height around May.

Oct-Dec drone attacks target refineries and oil depots

Date Name Capacity (b/d) Approximate distance from front line
31-Dec Yartsevo depot, Smolensk - 300 km
22-Dec Stalnoy Kon depot, Oryol - 200 km
19-Dec Novoshakhtinsky (Yug Rusi) refinery 112,000 b/d 200 km
16-Dec Stalnoy Kon depot, Oryol - 200 km
25-Nov Kaluga oil depot - 300 km
12-Nov Stary Oskol depot, Belgorod - 150 km
08-Nov Saratov refinery 135,000 b/d 600 km
31-Oct Svetlograd oil depot, Stavropol - 500 km
31-Oct Ufaneftekhim refinery 190,000 b/d 1,400 km
14-Oct Luhansk oil depot - 100 km
07-Oct Feodosia oil terminal, Crimea - 200 km
04-Oct Voronezh oil depot - 300 km

Source: local reports, S&P Global Commodity Insights


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