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Market Chatter: Russian Gasoline Output Only at 65% of Demand

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Russia's gasoline production will only cover 65% of seasonal demand as Ukrainian strikes disrupt operations at major oil refineries, including the Norsi, Omsk, and Saratov facilities, Reuters reported Friday, citing sources.

Gasoline output declined at a time when summer driving demand was peaking, exacerbating supply crunch by around 35%, or 40,000 to 45,000 metric tons per day, the report said.

On a daily basis, Russia reportedly consumes around 115,000 to 120,000 mt of gasoline at the height of summer. In June, the country's gasoline shortfall averaged 25%, according to the news agency.

The Russian energy ministry did not immediately respond to' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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