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The figure that sums up the crisis

According to Euronews, crude oil refined into gasoline fell by 25% in June 2026 compared to 2025, to 3.95 million barrels per day—the lowest level in two decades. The figure comes from Christopher Weafer, CEO of Macro-Advisory, as cited by Euronews and Al Jazeera. A twenty-year decline in a single month: this isn’t a fluctuation; it’s a statistical admission.

Gasoline production fell by 17%, to 850,000 barrels per day compared to 1.03 million a year earlier, and is now below domestic demand. Weafer estimates that one-third of Russia’s refining capacity is offline, due to drone strikes and increased summer demand.

A Response That Lowers Standards

On July 2, a decree lowered gasoline standards at certain refineries from Euro-5 to Euro-3 to maintain volume despite the lower quality. Since April, Ukraine has carried out more than 40 attacks on refineries and oil depots, the most well-documented cause of this collapse.

This content was created with the help of AI.

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