Russian Oil Refining Drops To 10 Month Low, Exports Down To 6 Month Low

Ukraine's strategic bombing with drones and missiles of Russia's oil refining and export capabilities is beginning to have a significant impact on its economy, which may not be sustainable since Russia produces little else of value to world markets. JL 

Artur Kryzhnyi reports in Ukraine Pravda:

Russia's average daily oil refining rate fell to the lowest weekly level in ten months after Ukrainian drone attacks hit major facilities. Russian ports' weekly exports of petrol dropped to 54,000 tonnes, a six-month low. Russia's high-octane fuel production fell for the fourth consecutive month due to the refinery repairs caused by the UAV attacks. "The decrease in shipments is due to the ban on the export of gasoline introduced by the Russian government, which began to operate on 1 March of this year." Russia has requested Kazakhstan to be prepared to deliver 100,000 tonnes of petrol due to fuel shortagesRussia Crude Oil Refining Drops to 10-Month Low After Ukraine Drone Attacks. Russia's average daily oil refining rate fell to the lowest weekly level in ten months after a flurry of Ukrainian drone attacks hit several major facilities.

Russian ports' weekly marine exports of motor petrol dropped to 54,000 tonnes, a six-month low.

Source: enkorr, a Ukrainian energy news outlet, citing a study by the A-95 Consulting Group

Quote: "The decrease in shipments is due to the ban on the export of gasoline introduced by the Russian government, which began to operate on 1 March of this year," the publication writes.

Details: Russia's high-octane fuel production fell for the fourth consecutive month due to the refinery repairs caused by technical issues or UAV attacks.

In March, Russia’s petrol output was 3.51 million tonnes, 0.5 million tonnes less than in December of last year. The A-95 Consulting Group anticipates that by the end of April, petrol output will be between 3.4 and 3.5 million tonnes.

This year's largest shipments were to Nigeria and Libya. The decline in Russian fuel supplies caused by the export embargo was felt mostly by African countries, resulting in an increase in demand for EU-produced petrol.

"Among other areas of fuel supplies from Russian ports, it is worth highlighting Brazil and the UAE," the newspaper writes.

Background:

• The Russian government is considering easing environmental fuel requirements to allow the use of low-quality petrol in the event of a shortage.
• Russia has requested Kazakhstan to be prepared to deliver 100,000 tonnes of petrol in the event of fuel shortages, which may be compounded by Ukrainian drone attacks and refinery shutdowns.
• Russia increased fuel imports from Belarus in March to mitigate the danger of domestic market shortages caused by repairs to Russian refineries following drone attacks.