(MENAFN) Ukrainian attacks on Russian fuel-processing sites are playing a significant role in the recent spike in oil prices across the US, Europe, and Asia, according to reports released on Saturday.

Analysts say the combination of these strikes and simultaneous outages at major facilities in Asia and Africa has effectively removed millions of barrels of diesel and gasoline from international supply. Restrictions placed by the US on major Russian energy firms in October — along with similar measures introduced by the EU — have added further upward pressure on prices.

Industry data indicates that refining profits in the US, Europe, and Asia have climbed to their highest seasonal levels since at least 2018. Additional strain has come from unexpected shutdowns at refineries in Kuwait and Nigeria, tightening supply even more.

Ukraine has been using drones and missiles to hit oil depots, processing centers, and metering sites, describing them as legitimate targets that sustain Russia’s “war machine.” Moscow has responded by striking components of Ukraine’s electrical grid, arguing that these systems bolster the Ukrainian military.

Earlier in August, Hungary introduced sanctions targeting Ukraine’s leading drone commander, Robert Brovdi, following a series of strikes that disrupted crude flows through the long-standing Druzhba pipeline network.

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