Russia's Syzran and Saratov Refineries Halted After Drone Strikes
π VOLGA β Russian refineries go dark just as global spare capacity hits zero. π LOOK CLOSER: Syzran and Saratov together process roughly 500k bpd of Urals crude. With Hormuz mined, Yanbu struck, and Petroline offline, global refining capacity has no buffer. Ukraine's drone campaign now intersects directly with the Gulf crisis: every barrel lost in Russia tightens the same market Tehran is already squeezing. European diesel spreads move next.