FINWIRES · TerminalLIVE
FINWIRES

Ukraine Attacks on Russian Oil Assets Hit 4-Month High, Bloomberg Analysis Says

By

-- Ukrainian drone strikes on Russian oil infrastructure climbed to their highest monthly level since December, forcing Russian refineries to cut processing runs to multi-year lows, a Bloomberg analysis showed on Thursday.

Data compiled from public statements from both countries shows that about 21 Ukrainian strikes targeted Russian oil refineries, maritime assets, including export terminals, and pipeline infrastructure in April.

The intensified campaign has hit at least nine refineries this month, the highest monthly total since the start of the year.

The strikes have significantly impacted Russia's processing capacity, the analysis showed, as refinery throughput is estimated to have dropped to 4.69 million barrels per day, the lowest level since 2009.

The decline in crude processing rates is adding pressure to both the domestic market, where seasonal demand is rising, and global oil product markets, with Russia a key exporter of diesel.

Lower refinery runs are also constraining Russia's ability to increase oil output, which has remained below its OPEC+ quota for several months.

Ukrainian drones hit Rosneft's Tuapse refinery on the Black Sea three times in April, most recently on April 28. The strikes caused massive fires at the site, which took several days to extinguish and triggered an environmental crisis in the area.

However, reduced refinery runs allowed Russia to increase seaborne crude and fuel exports in April as attacks on ports eased. The uptick could prove temporary if Ukraine resumes strikes on port infrastructure in the coming weeks.

Ukraine also stepped up attacks on Russia's oil pipeline network, hitting at least five pumping stations in April. Unlike strikes in late 2024 and 2025 that largely targeted export-linked facilities near western Russia, recent attacks have reached deeper into the country's internal pipeline system.

Related Articles

Australia

Alignment Healthcare Swings to Q1 Profit, Revenue Rises; Shares Fall After Hours

Alignment Healthcare (ALHC) reported Q1 earnings late Thursday of $0.05 per diluted share, compared with the loss of $0.05 a year earlier.Analysts polled by FactSet expected earnings of $0.01.Revenue in the three months ended March 31 rose to $1.24 billion from $926.9 million a year ago.Analysts surveyed by FactSet expected $1.22 billion.The company expects revenue of $1.3 billion to $1.32 billion in Q2 and $5.16 billion to $5.21 billion in the full year.Analysts project $1.31 billion in Q2 and $5.17 billion in 2026.Alignment Healthcare shares fell 10% in after-hours trading.

$ALHC
Research

Research Alert: Columbia Sportswear Company Beats Estimates; Raises Full-year Guidance

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:COLM posted Q1 2026 EPS of $0.65 vs. $0.75 prior year, $0.30 above consensus on flat net sales of $779M, $21M above estimates. International diversification proved valuable with EMEA surging 35% and LAAP growing 5%, offsetting a 10% U.S. decline, while gross margin contracted 20 bps to 50.7% primarily from a 310-bp incremental tariff impact. We believe the international growth strategy is effectively insulating the company from U.S. tariff headwinds and positioning it for sustained global expansion. Management raised full-year EPS guidance to $3.55-$4.00 from prior $3.20-$3.65 and operating margin guidance to 6.7%-7.5% reflecting better tariff conditions. The company maintains its fortress balance sheet with $535.4M cash and no debt while executing a $150M share repurchase program. We are impressed with international performance driving growth and expect continued momentum from the ACCELERATE Growth Strategy targeting younger consumers, with shares trading at 17x forward EPS guidance.

$COLM
Mining & Metals

Fairfax India Holdings Corp Announcing FY25 Net Earnings of US$410.5M or $3.05 Net Earnings Per Diluted Share

$FIH-U.TO