Tatneft' PAO logo

TATN - Tatneft' PAO News Story

RUB350.05 7.1  2.1%

Last Trade - 25/04/16

Sector
Size
Market Cap £n/a
Enterprise Value £n/a
Revenue £n/a
Position in Universe th / 0

Russian oil refineries cut gasoline output to 15-year low in May

Thu 18th June, 2020 10:31am
MOSCOW, June 18 (Reuters) - Russian oil refineries cut
gasoline output  GL-RU-OUT  to a 15-year low of 2.477 million
tonnes in May amid a global deal to curb crude supplies and
coronavirus-related lockdowns, energy ministry data and Reuters
calculations showed on Thursday.
    They also showed that volumes of primary oil processing
 REF-RU-TPUT  declined to a seven-year low of 21 million tonnes
last month.
    Demand for fuel has been dented by the economic fallout from
the COVID-19 pandemic and lockdowns to combat it. 
    A global deal to cut oil production in order to bolster
prices has also led to the decline in refining volumes.
    The data showed primary oil processing volumes fell in May
by 7.2% on a daily basis from April. Seasonal maintenance of
refineries also led to lower output.

 (Reporting by Natalia Chumakova; writing by Vladimir Soldatkin;
editing by Mark Potter)
 ((vladimir.soldatkin@reuters.com; +7 495 775 12 42;))
© Stockopedia 2020, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.