Russia’s offline primary oil refining capacity has been revised up by 6.3% in July from the previous plan to 4.1 million metric tons, according to Reuters calculations based on data from industry sources.

Idle capacity for August is expected to reach 3.28 million tons, the calculations showed.

The upward revision in July was due to the extension of maintenance at several refineries.

A rise in idle capacity means that refineries use less feedstock to produce fuel, potentially making more crude available for export.
Source: Reuters