Russian refinery runs have fallen to 3.8 mbd in June, 1.5 mbd below the start of the year, making Russia one of the largest contributors to today’s exceptionally weak global refining activity.

Refining margins have surged to record highs as crude prices have fallen while gasoline, diesel, and jet fuel remain scarce, creating one of the most profitable environments…

Russian refinery runs have fallen to 3.8 mbd in June, 1.5 mbd below the start of the year, making Russia one of the largest contributors to today’s exceptionally weak global…