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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.
OIL
Russia’s seaborne crude exports to European countries is gradually falling ahead of the EU sanctions. Exports to Europe fell for a fourth week, dropping by 56kbpd to 604kbpd, led by a drop in shipments to Italy.
- On Dec 5 the EU introduces their ban on seaborne Russian crude imports and the US led price cap starts. Under the cap buyers of Russian crude could use European ships, insurance, and other services, but only if the price they pay is below a certain threshold.
- Russia have warned of a possible production cut because of the G7 price cap and said it won’t sell its oil to anyone who imposes a cap. Total Russian seaborne exports were steady this week at just below 3mbpd.
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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