Russia’s Crude Processing Rates Drop in February

Russia’s daily crude oil processing has dropped by 4% so far in February compared to the first half of January, and by 8.6% versus the first half of February 2023, according to Reuters’ sources and calculations. The drop comes as Russian refineries and other energy infrastructure have been targeted and hit by Ukrainian drone attacks in recent weeks. Refineries in Russia processed 711,000 tons of crude oil per day in the first half of February 2024, down from 752,000 tons for the first two weeks of January and 778,000 tons…