Free Trial
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.
OIL PRODUCTS
Brazil is set to import record amounts of Russian oil products in August, as Russia becomes its top supplier, according to Kpler.
- Kpler forecasts imports of Russian petroleum products to hit 235k b/d in August, up 25% from July. This would far surpass imports from the US, formerly Brazil’s top supplier of refined products.
- Kpler had noted weaker Russia-Brazil diesel flows earlier in the month possibly indicating more vessels are now signaling for the country and are due to arrive this month.
- Brazil has been increasing its imports of Russian oil since the G7 price cap on Russian oil products began. It is now the second largest importer of Russian diesel after Turkey.
- Russia has also begun shipping gasoline to Brazil, although in smaller volumes. Naphtha shipments to Brazil could also increase in the coming months, according to Kpler.
source: Kpler/Bloomberg
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok