Free Trial

Oil Rises On Lower Russian Output Indications

OIL

Crude markets are rising on headlines from the Russian Energy Minister that the country sees lower oil and gas output in 2023.

  • Energy flows from Russia have largely remained resilient post sanctions which has been helping to keep downward pressure on crude but there are increasing signs that Russia will not maintain outflow levels.
  • *SHULGINOV: RUSSIA SEES LOWER OIL, GAS OUTPUT IN 2023 - bbg
  • Brent MAY 23 up 0.3% at 78.37$/bbl
  • WTI MAY 23 up 0.5% at 73.19$/bbl

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.