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Russian oil refiners signal deeper cuts to refinery runs amid overstocking | Hellenic Shipping News Worldwide

Major Russian oil refiners have told the Energy Ministry they expect to make deeper cuts to refinery runs in the coming weeks due to overstocking after a sharp drop in European buying, four sources familiar with the matter told Reuters. The country’s four largest refiners – Rosneft, Surgutneftegaz, Lukoil and Gazprom Neft – were among ...
Krasnodarskiy Kray Jason Neely Gazprom Neft Energy Ministry Refinitiv Eikon

IEA revises down global refinery throughput on reduced Russian runs | Hellenic Shipping News Worldwide

The International Energy Agency has revised lower its global refinery throughput estimates for this year following Russia’s invasion of Ukraine, in its latest monthly report March 16. The IEA said a 1.1 million b/d reduction in Russian refinery throughput “is not expected to be fully offset by increases elsewhere.” Hence the IEA expects global refinery ...
Krasnodarskiy Kray International Energy Agency Azov Sea

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Russian refineries start to feel impact of buyers shunning oil products | Hellenic Shipping News Worldwide

Receive daily email alerts, subscriber notes & personalize your experience. Rosneft’s 240,000 b/d Tuapse on the Black Sea halted crude uptake March 4 because it cannot ship its production, while the company’s 342,000 b/d Ryazan refinery in central Russia has reduced the volume it is accepting. While there are no sanctions on exports of Russian ...
Black Sea Oceans General Krasnodarskiy Kray Ryazanskaya Oblast Saudi Arabia Persian Gulf

Western sanctions set to hamper Russia's refinery upgrades | Hellenic Shipping News Worldwide

A multi-year upgrade of Russia’s refineries — heavily reliant on Western technology to produce more valuable products, such as diesel and gasoline — will come under severe pressure from sanctions being announced by the EU and US. The US said March 2 it was imposing export controls on technology that could be used by Russia ...
Krasnoyarskiy Kray Krasnodarskiy Kray Omskaya Oblast Ryazanskaya Oblast Irkutskaya Oblast Khabarovskiy Kray

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