The war in Ukraine has started to hit the global energy industry - Bloomberg

According to Bloomberg, both Russia and Ukraine have been actively targeting each other's energy assets in order to strike a blow to their enemy's economy, stressing that the damage from such actions is already being felt on global markets.

Bloomberg points out that Ukraine has targeted Russian refineries with a total capacity of about 3.4 million barrels per day. However, as the publication notes, this has not yet hurt the industry too much. After all, some of the affected facilities may have spare or underutilised processors deployed.

Intact facilities are also increasing their productivity," the article said.

At the same time, it is pointed out that the range of Ukrainian drones is increasing. They can already reach targets at a distance of 1,200 kilometres (746 miles). Analysts believe that in this case 19 Russian oil refineries with a total capacity of 3.8 million barrels per day, which is more than half of Russia's capacity, will be under threat.

If the range increases to 1,500 kilometres, another 600,000 barrels would be at risk," they wrote.

Speaking of Russian strikes, Bloomberg notes that the aggressor is also targeting Ukraine's energy sector.

European gas prices jumped 10 per cent after Russia hit Ukraine's gas and energy infrastructure this week," it said.

The publication notes that energy facilities are likely to continue to be hit, which means that the cost of resources on the global market may rise.

We would like to add that the energy sector does not rule out the introduction of hourly blackout schedules in Ukraine. In March, Russia resumed strikes on Ukrainian energy facilities. After the massive attacks, there were light outages in several regions, the worst situation was in Kharkiv and its region. Blackouts are still partially in effect there. As is known, the Zmiyivska thermal power plant was seriously damaged in the region.