MNI China Daily Summary: Friday, January 10

MNI BRIEF: China To Adopt Very Proactive Fiscal Policy-Offical

CANADA LIBERAL LEADERHIP VOTE TO REPLACE TRUDEAU SET FOR MAR 9

MNI BRIEF: PBOC Suspends Bonds Trades As Yields Drop

MNI: PBOC Net Drains CNY14.8 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Higher At 7.1891 Fri; -2.36% Y/Y

USDA: CORN STOCKS 12,074M BSL ON JAN 1

MNI: USDA: 2024/2025 CORN PRODUCTION EST 14.87B BSL

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

OIL PRODUCTS: Russian Oil Product Exports Rebound 18% m/m in Nov 1-20

OIL PRODUCTS
CEEMEAEnergy BulletsRussiaBulletCommodities

Russian refined oil product exports rebounded 18% m/m to 2.3mb/d in November 1-20 driven by diesel and naphtha shipments to offset a drop in fuel oil, according to Bloomberg citing Vortexa data.

  • Russia’s primary crude-processing rates for the first 20 days of November averaged 5.32mb/d, as refineries largely completed their seasonal maintenance
  • Diesel and gasoil exports rose 17% from October to the highest since July at 827kb/d, supported by flows to Turkey and unusually strong supply to Asia, in particular to Indonesia.
  • Naphtha shipments rose more than 50% to the highest since March 2023 at 530kb/d with an increase in supply to Brazil and Mediterranean ports of Turkey, Libya and Tunisia.
  • Fuel oil exports fell 6% to a six month low of 626kb/d with a drop in shipments to Asia and the Middle East.
  • Jet fuel exports fell to 16kb/d while gasoline rose to 12kb/d as Russia looks set to lift the export ban for two months from Dec. 1.

 

Keep reading...Show less
157 words

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.

Russian refined oil product exports rebounded 18% m/m to 2.3mb/d in November 1-20 driven by diesel and naphtha shipments to offset a drop in fuel oil, according to Bloomberg citing Vortexa data.

  • Russia’s primary crude-processing rates for the first 20 days of November averaged 5.32mb/d, as refineries largely completed their seasonal maintenance
  • Diesel and gasoil exports rose 17% from October to the highest since July at 827kb/d, supported by flows to Turkey and unusually strong supply to Asia, in particular to Indonesia.
  • Naphtha shipments rose more than 50% to the highest since March 2023 at 530kb/d with an increase in supply to Brazil and Mediterranean ports of Turkey, Libya and Tunisia.
  • Fuel oil exports fell 6% to a six month low of 626kb/d with a drop in shipments to Asia and the Middle East.
  • Jet fuel exports fell to 16kb/d while gasoline rose to 12kb/d as Russia looks set to lift the export ban for two months from Dec. 1.

 

Keep reading...Show less