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Russian Weekly Oil Processing Rates Fell to 5.03mbpd

REFINING

Russian oil processing rates fell to 5.03mbpd between 14-20 March, down by more than 400kbpd from the average first 13 days in March, and the lowest weekly level in ten months, due to the latest flurry of the Ukrainian drone attacks on Russian refineries and spring maintenance.

  • Ukraine has targeted 13 major refineries and two smaller facilities, taking offline 480-90kbpd of processing capacity, data from a Bloomberg survey showed.
  • Russian refinery runs over the next few weeks are estimated between 5-5.2mbpd, the survey showed.
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