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Where will Russia's remaining heavy oil products go?

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06 February 2017

Where will Russia's remaining heavy oil products go?

Report summary

Refinery upgrade projects are reducing Russian heavy product output while this is being amplified by the tax manoeuvre policy that entered its final stage in 2017. Heavy products from Russia are typically exported and used as refinery feedstock, primarily in Europe and the United States. The decline in Russian production is significantly reducing global supply of these refinery feedstocks. This report looks at the dynamics of future Russian heavy feedstock output, analysing where the remaining Russian vacuum gasoil and atmospheric residue exports will go.

Table of contents

  • Where will Russia's remaining heavy oil products go?

Tables and charts

This report includes 6 images and tables including:

  • Drivers of year-on-year change in Russian fuel oil output (Mt)
  • Russian fuel oil surplus (Mt)
  • Russian heavy product production split (Mt)
  • VGO valuation and price forecast (US$/t)
  • Russian VGO exports (Mt)
  • Russian atmospheric residue exports (Mt)

What's included

This report contains:

  • Document

    Where will Russia's remaining heavy oil products go?

    PDF 340.00 KB

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