Russia's refinery runs edge up m-o-m in May but fall y-o-y

Oil

Russia's crude oil refinery throughputs in May increased by 2.9% m-o-m to average 5.7M b/d, Reuters reports, citing data from the country's Energy Ministry. However, this was down by 1.9% compared to the same month last year. Gasoline output was the only major product to experience a y-o-y increase, up 3.7% (and 6.7% m-o-m) to 884K b/d. Gasoil output increased by 5.4% m-o-m but fell by 2.5% y-o-y to 1.5M b/d.