Russia Refineries Cut Runs in Early September for Seasonal Works

Russia’s oil refineries scaled back operations in early September for seasonal maintenance.

Primary crude processing averaged 5.52 million barrels a day from Sept. 1 to Sept. 6, according to a person with knowledge of the matter. That’s almost 32,000 barrels a day lower than the average for Aug. 1-30, when throughput also fell month-on-month, Bloomberg calculations show.

On a weekly basis, refinery throughput rose by about 175,000 barrels a day in the first six days of September compared with the average for Aug. 24-30. That reflects increased runs at Rosneft PJSC and Lukoil PJSC plants in the Volga region, and at Novatek PJSC’s Ust-Luga facility. Small independent producers also contributed to the weekly growth.

On Friday, Deputy Prime Minister Alexander Novak met with oil firms to discuss fuel supplies for agriculture, and producers promised to meet demand from the industry in full.

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