Energy Oil

Russia’s idle oil refining capacity in September set to rise 34% vs August, data shows

Russia’s offline main oil refining capability in September is set to leap 34% from August, according to Reuters calculations based on data from industry sources, owing to technical failures, Ukrainian drone attacks and seasonal upkeep.

Offline capability is seen at 3.87 million metric loads this month, or 14.5% of Russia’s total oil refining abilities. That is up from 2.95 million tons in August.

An increase in idle refining capacity normally helps with crude oil exports. Market sources informed Reuters on Thursday that Russia’s crude oil filling strategy from the Baltic ports of Primorsk and Ust-Luga for September was modified higher by 0.2 million tons to 6.2 million heaps.

In the most recent attack on Russian energy centers, a. Ukrainian drone this month hit a Moscow oil refinery managed. by Gazprom Neft.

The Kremlin stated on Wednesday that Ukrainian strikes on. Russian oil infrastructure had very little effect thanks to the work. of air defence systems and other defensive steps.

Passing a current maintenance schedule, the nation’s offline main oil refining capacity in October would fall by. 37% from September to 2.42 million heaps. The schedule is subject. to change.

Total cumulative idle primary oil capacity in Russia for. January to September has actually reached 32 million tons, up 23% from. the exact same duration in 2015.

======= Reuters =======

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