Russian oil refining increases as US sanctions disrupt crude exports

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Russian oil refining increases as US sanctions disrupt crude exports - Business Standard

Quick Summary:

In 2024, those tankers carried around 1.5 million barrels of crude oil per day and just 200,000 barrels per day of refined products, according to analysis from Morgan Stanley.

Under the cap, Moscow can use Western fleet and shipping services if it sells crude at prices below $60 per barrel and diesel at below $100 per barrel.

Russian refining runs rose by 2 per cent, or by 108,000 barrels, to 754,800 metric tons a day on Jan 15-19 from the first week of the year, according to the sources.It was also up 1.2 per cent from the average for January 2024.