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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.
OIL PRODUCTS
Exports of Russian refined fuels fell to 2.6m b/d in the week to Aug. 4, according to Vortexa data, a 14% fall week-on-week.
- Fuel oil flows jumped to around 1.1m b/d in the 7 days to Aug. 4, the highest weekly flows in 2023.
- Diesel and gasoil exports fell 18% however, down to 1.1m b/d. Turkey was the main destination for Russian diesel, followed by Brazil.
- Naphtha shipments during this period halved to 306k b/d, while gasoline and blending components rose slightly to 69k b/d.
- Russian oil shipments are being closely followed to determine the nation’s crude production as official output data is classified.
- Export levels overall are coming down from their highest weekly volumes since April, when elevated diesel and gasoil flows boosted shipments.
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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