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
Russian seaborne crude exports could start to fall in the coming weeks ahead of the EU ban on the crude supplies from Dec 5. Russian crude supply to Europe (excluding Turkey) is unchanged on the week but has more than halved since February down to approximately 0.75mbpd. Weekly vessel tracking data from Bloomberg shows Russian seaborn crude exports at a five-week low in the week to Oct 21.
- There is also uncertainty over supplies to India with two refiners pausing Russian spot purchases waiting for clarification of the impact of the sanctions on finding ships and making payments for cargoes.
- Due to the transport time, cargoes from Primorsk or Ust-Luga heading for India would need to leave before Nov 7 to arrive before the sanctions start and to avoid the risk of insurance cover ending while at sea.
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