Rosneft to Resume Output at Idled Black Sea Refinery in November

Rosneft plans to resume crude processing at its Tuapse oil refinery on Russia’s Black Sea coast in November, after idling it for a month because of poor refining margins, industry sources told Reuters on Thursday. The export-oriented refinery has halted crude processing since October 1 because of low refining margins, industry sources told Reuters in early October. In November, the refinery is expected to resume operations and process into fuels as much as 480,000 metric tons of crude oil, traders told Reuters. The Tuapse refinery…