Russian crude runs slide on poor economics

摘要

Crude runs at Russian refineries contracted last month as falling oil prices and tax changes continued to squeeze margins, directing more crude flows outside the country. Refining throughput in Russia last month fell to 23.51 million mt, or an average 5.560 million b/d, which was down 3.3% year on year, and 4.7% lower month on month, energy ministry data showed Tuesday.