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Russian Oil Refining Capacity Plummets 14.5%

Russian Oil Refining Capacity Plummets 14.5%

Reuters calculations showed on Friday that the share of Russia’s refining capacity that is offline this month has jumped from August to 14.5% of all processing capacity amid Ukrainian drone attacks and planned and unplanned technical outages.  According to estimates based on data from industry sources compiled by Reuters, the Russian oil refining capacity that’s now offline jumped by 34% in September.  As more of Russia’s refining capacity is now offline, this could lead to higher crude oil exports as Russia doesn’t…

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