MNI BRIEF: PBOC Held Gold Purchases In Aug, Forex Reserves Rose

MNI: WILLIAMS SAYS JOBS DATA CONSISTENT WITH SLOWING ECONOMY

MNI BRIEF: US Aug Jobs Confirm Fed Rate Cut; U-Rate 4.2%

MNI: BLS: NET PAYROLLS REVISIONS FOR JUNE, JULY -86K

MNI China Daily Summary: Friday, September 6

MNI BRIEF: China To Address Consumption In Next Five-year Plan

EZ/UK Bond Supply Calendar: EU Syndication; BoE APF Due Monday

CANADA AUG IVEY PURCHASING MANAGERS INDEX 48.2 SA

MNI: BLS: NET PAYROLLS REVISIONS FOR JUNE, JULY -86K

AUSTRALIA: Albanese Lines Up Budget for May Election

AUSTRALIA: Albanese Lines Up Budget for May Election

UK: Week Ahead

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

OIL: Russian Crude Exports Edge Down to 3.16mb/d in Week to Sept. 1

OIL
BulletEnergy BulletsCommodities

Russia’s seaborne oil flows edged down to the lowest in a nearly a month due to likely maintenance at the offshore Arctic Prirazlomnoye field, according to Bloomberg.

  • Four-week average crude shipments fell by 90k b/d to 3.16mb/d in the week to Sept. 1. Shipments so far this year are about 40kb/d below the 2023 average.
  • The more volatile weekly flows dropped by around 250kb/d to 3.1m b/d.
  • Shipments from the Arctic Prirazlomnoye field halted in mid August.
  • At least 11 shipments of crude and refined products have loaded on vessels sanctioned by the US, UK or the EU, six of which were in August.
  • The recent export dip comes ahead of a plan by several OPEC+ members to begin unwinding output curbs starting October. Russia complied with its OPEC+ oil quotas for the end of August, Deputy PM Alexander Novak said yesterday.

 

Keep reading...Show less
139 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.

Russia’s seaborne oil flows edged down to the lowest in a nearly a month due to likely maintenance at the offshore Arctic Prirazlomnoye field, according to Bloomberg.

  • Four-week average crude shipments fell by 90k b/d to 3.16mb/d in the week to Sept. 1. Shipments so far this year are about 40kb/d below the 2023 average.
  • The more volatile weekly flows dropped by around 250kb/d to 3.1m b/d.
  • Shipments from the Arctic Prirazlomnoye field halted in mid August.
  • At least 11 shipments of crude and refined products have loaded on vessels sanctioned by the US, UK or the EU, six of which were in August.
  • The recent export dip comes ahead of a plan by several OPEC+ members to begin unwinding output curbs starting October. Russia complied with its OPEC+ oil quotas for the end of August, Deputy PM Alexander Novak said yesterday.

 

Keep reading...Show less