Russia's crude runs rise in July

Oil

Russia's crude throughputs increased by 254K b/d m-o-m and 87K b/d y-o-y to average 5.9M b/d, Reuters reports citing data from Russia's Energy Ministry. Gasoline output edged downwards but was up 3.9% from July 2014 at 898K b/d. Gasoil production increased by 2.2% m-o-m and 1.2% y-o-y to 1.6M b/d. However, fuel oil volumes while falling only marginally m-o-m, were down by more than 12% y-o-y to 1.3M b/d.