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OIL PRODUCTS
Oil product exports from Russia in the week to Dec 24 fell 666kb/d to 2.5mb/d according to Bloomberg based on Vortexa data.
- The decline was led by a slump in shipments of diesel, naphtha and fuel oil.
- The four-week average however rose by 157k b/d to a seven month high of 2.6mb/d with increased oil processing at Russian refineries.
- Weekly diesel and gasoil exports fell to just over 1mb/d with no observed shipments to South America although cargoes to the Middle East rose to a 13-week high.
- Naphtha shipments fell by 36% to 382kb/d, gasoline and blending component exports fell to 23kb/d, fuel oil dropped by 17% to 692kb/d but jet fuel shipments more than doubled to 106kb/d.
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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