Transneft supplies at five-year low

摘要

Crude supplies to non-FSU destinations through Russia's Transneft pipeline system dropped by 14pc on the month to 3.28mn b/d(13.91mn t)in July-the lowest since December 2014.The decline reflected reduced crude output under the Opec+ agreement and increased runs at Russian refineries following the completion of maintenance,and in response to stronger demand for products.