MNI BRIEF: Fed's Williams-Rates Will Come Down 'At Some Point'

MNI: FED'S WILLIAMS: 'AT SOME POINT' RATES NEED TO COME DOWN

MNI China Daily Summary: Thursday, May 30

MNI BRIEF: China Export Controls On Aerospace & Shipping Items

MNI: PBOC Net Injects CNY258 Bln Via OMO Thurs; Rate Unchanged

MNI: PBOC Sets Yuan Parity Higher At 7.1111 Thurs; -2.35% Y/Y

EC Survey Signals Stalling Of Core Goods HICP Disinflation

EZ/UK Bond Supply Calendar: BoE APF on Monday

US EIA: CRUDE OIL STOCKS EX SPR -4.16M TO 454.7M MAY 24 WK

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

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

Russia Lifts Ban on Summer Diesel Exports

OIL PRODUCTS

Russia is lifting all restrictions on summer-grade diesel exports as its domestic market is saturated with supply and prices have dropped, the Energy Ministry said via Telegram.

  • Summer-grade diesel inventories now exceeded 3.2mn tons, the ministry said.
  • Restrictions have been lifted to avoid needing to lower refinery runs and to ensure high production levels of winter-grade diesel and gasoline in the months ahead, the ministry added.
  • Russia’s Energy Minister Nikolay Shulginov said this week that Moscow is not planning to lift current restrictions on winter diesel exports but considered easing measures during the summer months.
  • Russian oil product exports are currently on track to reach a four-month high in November driven by diesel, Vortexa data showed.
  • Russian fuel shipments rose around 333kbpd from October to 2.4mbpd through 18 November, as refiners boost processing rates at the end of seasonal maintenance and on easing export restrictions.
BulletEnergy BulletsHomepageCommodities
BulletEnergy BulletsHomepageCommodities

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.