Refinery Fire Reduces Output by 20%

Gasoline output at Gazprom Neft’s Moscow oil refinery is likely to drop about 20 percent in June to about 150,000 tons following a fire last week, a company source said Wednesday. The production cuts could exacerbate the country’s fuel shortage as it battles a gasoline deficit created by price caps and insufficient refining capacity. The Moscow refinery produces about 200,000 barrels of oil products per day. The Energy Ministry’s […]