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Russia’s Refineries Enjoy Cheap Crude, Fear for Subsidies

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Yaroslavl,Russia,Petrol,Industrial,Zone,Oil,Refinery
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With the arrival of spring, Russia’s refineries find themselves in an ambiguous predicament after having enjoyed what appears to be a drone-free April, the first month since 2023 when the industry didn’t come under attack by Ukrainian forces.

Topics:
Refining, Oil Products
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Soft demand from Chinese majors and high export volumes of Russian Espo crude have combined to leave an overhang of May cargoes.
Wed, May 7, 2025