MNI: PBOC Net Drains CNY68.6 Bln via OMO Thursday

MNI: PBOC Sets Yuan Parity Higher At 7.1728 Thurs; -0.64% Y/Y

MNI China Press Digest March 13: SMEs, Shipping, Guangdong

MNI BRIEF: US Budget Deficit At $1.15T Thru Feb

CORRECTED-MNI BRIEF: Brazil's Inflation Rises To 5.06% In Feb

MNI China Daily Summary: Wednesday, March 12

MNI: US FEB TREASURY BUDGET -$307.0B

EZ/UK T-Bill Calendar: 1/3/6-month UKTB Due Thursday

EZ/UK Bond Supply Calendar: Greece Synd / Italy Auction Thurs

GERMANY: Union/SPD Migration Alignment After Turmoil Threatened Debt Deal (BILD)

GERMANY: Official Interim Election Results Tilt Towards Missing BSW & FDP

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

OIL: Black Sea CPC Blend Loadings Rise 24% m/m in Feb

OIL
CEEMEAEnergy BulletsRussiaBulletAPACCommodities

Black Sea CPC Blend oil loadings increased 24% m/m in February to 1.68mb/d, Reuters said.

  • Total loadings from the terminal near Russia's port of Novorossiisk rose from 5.316m tons to 5.930m tons.
  • Kazakh crude exports were up to 5.340m tons from 4.699m tons but Russia exports fell to 0.591m tons from 0.61m tons.
  • Kazakhstan raised its crude and gas condensate output in February to a record high of 2.12mbpd following the return and expansion of its major Tengiz field.
  • Tengiz output reached 904k b/d in February, from 640k b/d in January, according to Reuters.
  • Kazakhstan plans to optimise oil production in March until fulfilment of OPEC+ obligations, the deputy energy minister said last week, holding talks with international oil companies including Exxon, Total, and Shell.
  • Recent data suggests Kazakhstan has yet to deliver the cuts. “In the near future, volumes will be adjusted to comply fully with the established limits," the Energy Ministry said.
148 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

Black Sea CPC Blend oil loadings increased 24% m/m in February to 1.68mb/d, Reuters said.

  • Total loadings from the terminal near Russia's port of Novorossiisk rose from 5.316m tons to 5.930m tons.
  • Kazakh crude exports were up to 5.340m tons from 4.699m tons but Russia exports fell to 0.591m tons from 0.61m tons.
  • Kazakhstan raised its crude and gas condensate output in February to a record high of 2.12mbpd following the return and expansion of its major Tengiz field.
  • Tengiz output reached 904k b/d in February, from 640k b/d in January, according to Reuters.
  • Kazakhstan plans to optimise oil production in March until fulfilment of OPEC+ obligations, the deputy energy minister said last week, holding talks with international oil companies including Exxon, Total, and Shell.
  • Recent data suggests Kazakhstan has yet to deliver the cuts. “In the near future, volumes will be adjusted to comply fully with the established limits," the Energy Ministry said.