Russian Oil Processing Shrinks Further on Logistical Constraints
- Plants handled 5.33 million barrels of crude a day on Dec. 1-6
- Oil throughput has been declining following Black Sea storms
An oil refinery in Ufa, Russia.
Photographer: Andrey Rudakov/BloombergThis article is for subscribers only.
Russia’s oil processing in early December fell to a seven-week low as logistical constraints weighed on refineries.
The nation’s plants processed 5.33 million barrels of crude a day in the first six days of the month, down about 81,000 barrels a day from the prior week’s average, according to a person with knowledge of industry data. That’s a second week of decline and the lowest rate since the second half of October, Bloomberg calculations show.