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Russia’s offline primary oil-refining capacity climbed to a record 6.4 million tons in August, equivalent to roughly 1.2 million barrels a day, according to Reuters calculations. The idled volume represents about 17% of the nation’s total primary capacity and is 65% higher than previous estimates for the month. Industry sources attributed almost half of the outage to recent Ukrainian drone strikes on Russian refineries. Despite efforts to run unaffected plants at higher rates, overall fuel production is now expected to drop about 5% from July, raising the prospect of tighter domestic supply and lower export flows.
Russia may have lost close to 20% of oil refining capacity due to Kyiv’s drone attacks. https://t.co/rV7qLzzUoX https://t.co/udKYJWwiWf
#Russia's idle oil refining capacity record high after Ukrainian drone attacks Idled capacity at record high 6.4 million tons -Reuters calculations Drone attacks account for almost half the impact -Reuters calculations Higher processing at working refineries to help mitigate
RUSSIA'S PRIMARY OIL REFINING CAPACITY HIT RECORD 6.4M TONS IN AUG (+65% FROM PRIOR ESTIMATES), PER REUTERS CALCS. BUT UKRAINIAN DRONE ATTACKS KNOCKED OUT ~17% (1.2M BPD). FUEL OUTPUT EXPECTED TO DROP ~5% FROM JULY, SOURCES SAY.
