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Russian Refinery Runs Slip to 5.33mn bpd Early-December

REFINING

Russian oil processing fell to a seven-week low in early December despite a return from maintenance as logistical issues weighed on runs.

  • Russian refineries processed 5.33mn bpd in the first 6-days of the month – down 81,000 bpd from the week prior according to a Bloomberg source.
  • It marks a second weekly decline and the lowest rate since the second half of October.
  • “Cuts were mainly due to logistical constraints that were aggravated by a recent storm in the Black Sea, a key route for fuel exports, the person said.” Bloomberg reported.



Source: Bloomberg

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