Russia Recovers From Ukraine Drone Strikes as Oil Refining Rises
- Runs rose to 5.44 million barrels a day for Feb. 15-28 period
- Only Tuapse refinery was still offline after Ukraine’s attacks
The RN-Tuapsinsky refinery in Tuapse, Russia.
Source: Bloomberg
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Russian refineries’ recovery from Ukrainian drone attacks helped the country’s oil processing to pick up in the second half of February.
The nation processed 5.44 million barrels of crude a day during the Feb. 15-28 period, a person with knowledge of industry data said. That’s 226,000 barrels a day, or just over 4%, above levels seen in the first half of the month, according to Bloomberg calculations based on historic figures.