Russia's oil refining capacity likely to fall by 15% in later half of Oct

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Russia's oil refining capacity likely to fall by 15% in later half of Oct - Business Standard

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Such capacity is seen falling to 131,500 metric tons per day (964,000 barrels per day) on average between Oct.16 and Oct.31 from 155,000 tons a day in the first half of the month.

A decline in idle oil refining capacity usually leads to less available crude oil and a resulting fall in exports as refineries consume more feedstock to produce fuel.