A post by @FirstSquawk on X.

Ukraine’s military said it has struck five major Russian oil refineries since October 30, according to the General Staff. The strikes extend a campaign against Russia’s downstream energy infrastructure, targeting facilities that process crude into fuels such as gasoline and diesel. Refinery outages can reduce export volumes and domestic fuel supply, tightening product markets even when crude prices are stable. The reported tally covers a period of roughly two weeks and signals sustained targeting rather than a one-off attack. Traders will watch for confirmation of which plants were hit, the scale of damaged units and repair timelines, plus any knock-on effects on Russian refined-product exports and global crack spreads.