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MNI Commodity Weekly - Russian Flows Reshuffling

Commodities Weekly AnalysisStoryAnalysis

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  • Russian Flows Reshuffling While Ceasefire at Juncture: Russian oil flows are recovering from the sharp reversal they faced following Jan 10 sanctions, but it remains to be seen if cargoes can readily discharge and whether longer journeys end up stalling a sustained higher pace.
  • Oil Market: Crude prices have steadied between $68.3/bbl and $71.4/bbl weighing trade tensions, OPEC+ output and sanctions on Iran and Venezuela. A decline in diesel cracks has also paused after a gradual fall since mid-February driven by tariff-related demand concerns.
  • Analyst Views: See oil market views by biggest names in industry.
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Download Report Here:

  • Russian Flows Reshuffling While Ceasefire at Juncture: Russian oil flows are recovering from the sharp reversal they faced following Jan 10 sanctions, but it remains to be seen if cargoes can readily discharge and whether longer journeys end up stalling a sustained higher pace.
  • Oil Market: Crude prices have steadied between $68.3/bbl and $71.4/bbl weighing trade tensions, OPEC+ output and sanctions on Iran and Venezuela. A decline in diesel cracks has also paused after a gradual fall since mid-February driven by tariff-related demand concerns.
  • Analyst Views: See oil market views by biggest names in industry.