Reuters Apr 7 - Russia refineries the next stepIs it April....as discussed...
Painting a picture....I have been reading storage in Russia starting fill up....and below see a Russian refinery starting to shut down due to overstocked position....
This leads to???
When storage is maxed and refineries shut due to lack of storage availability what's next??
...wells need to be shut in..
Remember how long it took Russia to ramp production from COVID after shutting all those wells down....we are getting close to the critical time.
Plus all the skilled workers fled....
It will be interesting to see how this plays out.
The calm before the storm.
https://www.reuters.com/business/energy/russias-taif-refinery-shuts-operations-due-overstocking-sources-2022-04-07/ Russia's Taif refinery shuts operations due to overstocking - sources
April 7 (Reuters) - Russia's 150,000 barrel-per-day Taif refinery in the Tatarstan region has shut down operations due to product overstocking as demand for Russian oil products slumps amid Western sanctions, three sources familiar with the matter said on Thursday.
"Taif is shut due to overstocking," one of the sources told Reuters. Another source involved in business activities with the refinery said the plant had been in shutdown mode for two days already.