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​Russia Refinery Operations Rebound Following Seasonal Maintenance

RUSSIA
  • Russia’s refinery operations are rebounding as the industry is completing seasonal maintenance, with more primary and secondary capacity scheduled to return this week, Bloomberg report. The nation processed 5.46 million barrels a day in the week to Nov. 8, according to a person with knowledge of the matter. That’s almost 150,000 barrels a day more than the average for most of October.
  • There is great potential for cooperation between Russia and the UAE, the Russian Federal Service for Military-Technical Cooperation said as per Interfax. "Military-technical cooperation with the United Arab Emirates is multifaceted. We are discussing the implementation of current contracts and future areas of cooperation with partners," the FSMTC said.
  • There is little else domestic news flow of note today. There are no major releases on the docket also, with GDP data the highlight on Wednesday.

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