Russian refineries are expected to reduce throughput in January on poor economics and also fewer working days due to the New Year holidays, with more pronounced cuts anticipated at smaller and medium-sized refineries that are predominantly export-oriented. Receive daily email alerts, subscriber notes & personalize your experience. Register Now Some of them will process from stocks or run in “hot circulation mode”, according to sources. Bigger refineries that cover domestic demand are also likely to reduce runs, but to a lesser extent. As a result more volumes have been directed to exports, with Urals monthly exports at the largest combined monthly volume since April, when Russian refineries cut throughput significantly due to the nationwide lockdown. Planned sales of gasoline on Russia’s St. Petersburg International Mercantile Exchange in January are marginally lower than December, with volumes in both months impacted by fewer trading days. Separately, crude deliveries to […]