London — Russian refineries are keeping output low despite the end of spring turnarounds, as crude availability becomes tight as a result of cuts agreed by OPEC and its allies, according to trading sources. Receive daily email alerts, subscriber notes & personalize your experience. Register Now “There is a dearth of crude supply, and volumes are reduced,” a trader said. Refinery throughput at Russian refineries has fallen significantly since April, partly on seasonal maintenance and run cuts in the wake of the coronavirus pandemic and subsequent lockdowns, but also as a result of the OPEC+ crude output cuts. Exports have also been reduced; crude oil throughput at Russian ports in the first six months of the year fell 6.8% to 128.8 million mt, the Association of Russian Commercial Seaports said July 14. Refinery throughput in May was around 21 million mt, down from 25 million mt in March, as […]