Russia will have more refining capacity offline this month than initially planned, Reuters has estimated, which could mean that Moscow may not deliver the 500,000-bpd crude oil export cut it has promised for August. Some big Russian refineries have extended their respective periods of maintenance into July, which resulted in higher-than-anticipated idle refining capacity this month, according to industry sources and estimates from Reuters. Early last week, Russia’s Deputy Prime Minister Alexander Novak said that Russia…
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