Free Trial

Russian Oil Refining Holds Despite Drone Attacks

OIL

Russia’s oil-processing rates remained relatively resilient in the latest week, according to Bloomberg.

  • The impact of attacks on refinery operations from drone attacks were yet to fully materialise in the processing figures, Bloomberg added.
  • Russia processed 5.49m b/d in the seven days to Jan. 24, around 56k b/d below the December average.
  • Two major export focused refineries – Novatek PJSC’s processing in Ust-Luga and the Tuapse refinery – were attacked by drones, halting operations. These refineries account for 5% of daily processing.
  • The Ust-Luga refinery was attacked Jan. 21. Its crude-processing rates halved to 64k b/d in the week to Jan. 24
  • The Tuapse refinery was attacked Jan. 25, after the data was collected.

Keep reading...Show less
116 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

Russia’s oil-processing rates remained relatively resilient in the latest week, according to Bloomberg.

  • The impact of attacks on refinery operations from drone attacks were yet to fully materialise in the processing figures, Bloomberg added.
  • Russia processed 5.49m b/d in the seven days to Jan. 24, around 56k b/d below the December average.
  • Two major export focused refineries – Novatek PJSC’s processing in Ust-Luga and the Tuapse refinery – were attacked by drones, halting operations. These refineries account for 5% of daily processing.
  • The Ust-Luga refinery was attacked Jan. 21. Its crude-processing rates halved to 64k b/d in the week to Jan. 24
  • The Tuapse refinery was attacked Jan. 25, after the data was collected.

Keep reading...Show less