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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
Europe has largely filled its diesel import needs with supplies from East of Suez suppliers after the Russian fuel import ban was implemented Feb 5 according to Vortexa figures.
- Now that Russia has implemented its own export ban September 21, these East of Suez supplies are likely to face higher global competition as trade flows reshuffle.
- Russia’s western ports have almost no diesel exports planned next month based on the latest Bloomberg reports.
- Less Russian diesel exports to Turkey has a knock-on impact for flows being re-exported to Europe. Brazil will also face tighter diesel markets with a lack of Russian supply with Brazilian purchasers likely to try and pivot back towards US Gulf supplies which have been heading to Europe.
source: Vortexa
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.
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