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OIL PRODUCTS: Russia's 2025 Refinery Runs Seen Near Or Above Last Year's Levels

OIL PRODUCTS
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Russian refinery runs seen close to last year’s level, or slightly above, Interfax reports, citing Deputy PM Alexander Novak. 

  • Refinery runs could grow compared to 2024 given that early last year there were more incidents at Russian refineries than now, Novak said, according to Interfax.
  • In January, Novak said that Russia processed 266.5m tons of crude in 2024, equivalent to 5.35m b/d.
  • Bloomberg reported yesterday that Russian refineries processed about 5.1m b/d of crude in the first five days of February, down over 300k b/d compared to most of January, as Ukrainian drone attacks curbed throughput.
  • Plants in Volgograd, Astrakhan and Ryazan had all been affected by drone attacks in late-Jan/early-Feb, impacting February output.

 

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Russian refinery runs seen close to last year’s level, or slightly above, Interfax reports, citing Deputy PM Alexander Novak. 

  • Refinery runs could grow compared to 2024 given that early last year there were more incidents at Russian refineries than now, Novak said, according to Interfax.
  • In January, Novak said that Russia processed 266.5m tons of crude in 2024, equivalent to 5.35m b/d.
  • Bloomberg reported yesterday that Russian refineries processed about 5.1m b/d of crude in the first five days of February, down over 300k b/d compared to most of January, as Ukrainian drone attacks curbed throughput.
  • Plants in Volgograd, Astrakhan and Ryazan had all been affected by drone attacks in late-Jan/early-Feb, impacting February output.