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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.
REFINING
Russia’s refinery runs fell just below 5.2mb/d in June 1-26 and the lowest level since May 2022, according to a Bloomberg source.
- Crude processing fell more than 2% below the May average as it was restricted by Ukrainian drone strikes and seasonal maintenance.
- Ukrainian drone attacks mainly targeted smaller independent refineries in Russia’s south during June but coincided with seasonal maintenance at several other facilities.
- Offline refining capacity is expected to fall to 1.8m metric tons in July from 4.1m metric tons in June, based on Reuters calculations from industry sources data.
- Oil processing fell in spring 2022 with some foreign buyers reluctant to buy Russian fuel after the start of the Ukraine conflict.
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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