Free Trial
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.
OIL PRODUCTS
Russia’s exports of refined products are set for a 15-month low, amid strong domestic road fuel demand and some products pricing above the G7 cap.
- Russia shipped 2.24m b/d between Aug. 1-20, down 14% on July, according to Vortexa. This is the lowest level since Aug. 2022.
- The government has also recommended producers to redirect gasoline and diesel supplies to the domestic market as the market remains in peak driving season during August.
- Several Russian oil products have also breached the G7 price cap, which under the regulations would block their access to western vessels and insurance.
- Diesel and gasoil exports – 45% of petroleum exports - fell to just below 1m b/d. Gasoline exports fell 43% to 66k b/d.
- Fuel oil flows collapsed to their lowest level since March 2022 at 624k b/d.
- Russian exports are being scrutinized to infer crude output since Russia’s does not publicize its official data.
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok