Russian oil refinery runs in Nov. up 6% m/m
11/29/2024 8:00:00 AM
Russian refinery oil processing volumes in November are up by 6% versus October to 22.1 MM tonnes (5.4 MMbpd), calculations based on data from industry sources show.
They said refining volumes have been gradually increased this month as maintenance work wraps up.
Still, they are down 2% from November 2023.
According to calculations, Russia's total oil refinery runs for January–November amounted to 243.4 MM tonnes, down 3.2% from the same period in 2023.
Some Russian refineries had to halt processing or cut runs due to heavy losses amid export curbs, rising crude prices and high borrowing costs, industry sources said.
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