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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.
DIESEL
Diesel imports from the Middle East, Asia and North America have replaced Russian supplies since the EU implemented the ban on petroleum product imports from Russia on 5 February.
- In the four months since the start of the ban, Russia’s exports to Europe declined 96% to 24kb/d from 630kb/d in 2022.
- Over the same period, exports to Europe increased from the Middle East by 51% (160kb/d), from Asia by 97% (147kb/d) and from North America by 65% (47kb/d).
- Russia’s distillate exports increased 6% in the last four months compared with the 2022 average, according to Vortexa data, as Russia diverted its distillate exports away from Western countries with sanctions.
Source: Vortexa / EIA
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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