Ukraine strikes Lukoil refinery in Kstovo; all major refineries offline

INTELLIGENCE SUMMARY

🇺🇦✈️🔥🇷🇺 Ukraine’s pressure on Russia’s oil industry continues to deepen, with another major Lukoil refinery forced to halt operations following this morning’s air strikes. According to Reuters, Lukoil’s oil refinery in Kstovo has suspended operations as a result of the strikes carried out earlier today. With the latest shutdown, all of Lukoil’s major refineries are now out of operation for an indefinite period. The development represents another serious blow to Lukoil’s refining capacity