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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.
REFINING
Russian oil processing has risen so far in July to the highest since mid-January as capacity returns from seasonal maintenance and Ukrainian attacks according to Bloomberg sources.
- Russia processed 5.47mbpd of crude on July 1-10 and if the pace is sustained the month of July will be the highest rate seen this year.
- Daily refinery runs rose by more than 270kbpd compared with the average for most of June.
- Russian seaborne oil product exports fell to 8.894m tons in June – down 4.2% m/m due to unplanned refinery maintenance according to Reuters. Russia's offline primary oil refining capacity at 4.1m tons was up by 7.9% versus May.
- The recovery in refinery runs coincides with a drop in Russia’s weekly crude exports in the seven days to July 7, the biggest fall since the invasion of Ukraine in Feb. 2022, Bloomberg said.
Source: Bloomberg
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.
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