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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.
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Russia Oil Production Rises in June - Interfax
Russia’s oil production rose almost 5% in the first half of June compared with May, Russian news agency Interfax reported today based on a source with access to output statistics.
- Average daily oil production, including condensate, was 1.46 million tonnes in the first 13 days of June, 68,000 tonnes more than May levels.
- Russia’s average daily oil exports were up by 0.5% during 13 days of June compared with the May monthly average to 662,500 tonnes per day according to the Interfax source.
- Russian seaborne oil exports were up 9.5% during June 1-13 compared with May to 470,700 tonnes per day, while supplies via pipelines were down by 16.5% to 191,800 tonnes per day.
- Hungary increased purchases on the Druzhba pipeline by 14% to 19,700 tonnes per day June 1-13 versus May. The other countries connected to Russian oil via the pipeline saw volumes fall over the same dates.
- Russia has diverted a lot of its oil exports to Asia since March amid looming Western sanctions.
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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.