Exclusive: At least 40% of Russia's oil export capacity halted, Reuters calculations show

Core Insights - At least 40% of Russia's oil export capacity is currently halted due to Ukrainian drone attacks, a disputed attack on a major pipeline, and the seizure of tankers [1][3][4] - This disruption represents the most severe oil supply issue in modern Russian history, coinciding with oil prices exceeding $100 per barrel due to the ongoing conflict in Iran [2] - Russia's oil output is crucial for its national budget and the overall economy, which is valued at $2.6 trillion [2] Oil Export Disruptions - Ukraine has intensified drone attacks on Russia's oil export infrastructure, impacting major ports including Novorossiysk, Primorsk, and Ust-Luga [3][4] - Approximately 2 million barrels per day of Russia's crude oil export capabilities are shut down as of the latest attacks [3] - The Druzhba pipeline, which transports oil through Ukraine to Hungary and Slovakia, has also been affected [4] Impact on Infrastructure - The Novorossiysk oil terminal, capable of handling 700,000 barrels per day, has been operating below capacity following damage from drone attacks [5] - Seizures of Russia-related tankers in Europe have disrupted an additional 300,000 barrels per day of Arctic oil exports from Murmansk [7] Alternative Export Routes - With western export routes compromised, Russia is increasingly reliant on oil exports to Asian markets, although these routes have limited capacity [7] - Russia continues to supply oil to China via pipelines and maintains exports from its Sakhalin projects, shipping about 250,000 barrels per day [8] - Additionally, Russia is supplying around 300,000 barrels per day to refineries in neighboring Belarus [8]