October 09, 2023 13:10 GMT
Russian Refinery Runs Slump on Ban and Maintenance
Russian refineries cut processing rates in early October to lowest in 19-weeks.
- Primary crude processing averaged 5.16 million barrels a day in the first four days of the month according to a Bloomberg source.
- The rate dipped by 220,00 bpd from September’s average.
- Runs have been impacted by maintenance and the temporary oil product ban that has now largely been lifted for diesel but remains for gasoline.
- The lifting off the ban is now understood to be encouraging refinery runs now that a fear of domestic overstocking has been alleviated according to earlier comments by Novak.
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