MNI BRIEF: Fed Could Wait Until 2025 To Lower Rates - Kashkari

MNI BRIEF: Fed's Williams Says There's No Urgency To Cut Rates

MNI: US March Existing Home Sales Fell 4.3% To 4.19M

MNI BRIEF: Beijing Opposes U.S. Measures Against Chinese Steel

MNI China Daily Summary: Thursday, April 18

MNI BRIEF: M2 Growth To Slow On Weak Demand - PBOC's Zou

MNI: FED BALANCE SHEET TOTAL ASSETS -$33B TO $7.406T IN WEEK

US Treasury Auction Calendar

EZ/UK Bond Supply Calendar: EU, UK Synd W/C 22 Apr, BoE APF Mon

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

MNI Commodity Analysis - Russian Crude Flows Defy Sanctions but Products Unwinding

Photo by Shaah Shahidh on Unsplash
aerial photography of tanker ship

MNI Commodity Analysis: Russian Crude Flows Defy Sanctions but Products Unwinding

Executive Summary:

  • Russian crude exports are leaving at a record pace in May countering Kremlin claims of 500,000 bpd crude cuts – with almost all volumes heading to India and China.
  • Russian oil product flows are struggling to maintain pace this month, though diesel exports have found strength heading towards Brazil and Africa with discounted barrels displacing regular suppliers.
  • Higher domestic refinery maintenance in Russia is pushing greater crude volumes onto the market, while it should also shore up oil product exports further in May.
  • G7 and EU leaders have been in discussions to tighten restrictions on Russian oil flows by targeting third countries re-exporting them but their outreach and motivation looks limited.
Full piece here:

MNI Commodity Analysis - Russian Crude Flows Defy Sanctions but Products Unwinding.pdf

AnalysisCommodities ResearchHomepageCommodities
AnalysisCommodities ResearchHomepageCommodities

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.