Russia’s Diesel, Fuel Exports Poised for August Slump as Refineries Undergo Work

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Russia’s Diesel, Fuel Exports Poised for August Slump as Refineries Undergo Work
France Dernières Nouvelles,France Actualités
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Russian petroleum exports are on course to plunge this month to the lowest in ten months, amid a drop in oil processing as refiners prepare for planned autumn maintenance.

Oil product flows from the nation dropped to 2.3 million barrels a day during the first 26 days in August, according to data compiled by Bloomberg from analytics firm Vortexa Ltd. That’s about 250,000 barrels a day less than during July, and roughly also below year-earlier levels.

Russia’s Energy Ministry has advised fuel producers to redirect some diesel and gasoline away from the export market to ensure sufficient domestic supplies.

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