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Russian Refinery Runs Slip

REFINING

Russia’s weekly refining runs declined for the first time since late June due to repair works at smaller facilities according to Bloomberg.

  • Processing rates averaged 5.6 million barrels a day in the week to July 19 - about 78,000 barrels a day down from the week before.
  • Average crude-processing for the month through July 19 was 5.64 million barrels per day, up from roughly same period in June, when Russian refineries processed an average 5.46 million barrels per day.
  • Russia has diverted higher volumes of crude into domestic refineries to bring down export volumes but exports of refined products like diesel have surged.



source: Bloomberg

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