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Daily primary processing rates averaged 5.63 million barrels over August 1-16.

Russia's oil processing suffered further in the latest week.

The oil industry is a key source of revenue for the Russian budget.

The market is waiting to see if Russian firms such as Surgutneftegas PJSC proceed with monthly sell tenders for ESPO crude this week.

Tankers carrying Russian crude are continuing to sail through the Red Sea.

Russia is transferring record amounts of its flagship Urals crude at sea.

Nine Aframax vessels owned by Sovcomflot PJSC have been idling at sea for more than a week after discharging cargoes.

Lukoil PJSC's trading unit Litasco SA is launching a Mexico operation.

The transfer of Russian crude between tankers at sea has shifted away from Ceuta, a Spanish enclave in North Africa.

Russia's commodity export hub in the Black Sea was closed for several hours on Friday.