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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.
OIL PRODUCTS
Russian clean petroleum product (CPP) exports have moved slightly lower on a m-o-m basis in the first 15 days of February but the decline is less than 200kbd from a near three-year high of 1.9mbd in January according to Vortexa.
- Russia’s diesel exports still remain 10% above pre-invasion average (Jan 2020 – Feb 2022) in February.
- Average arrivals for imports of Russian CPP in the first 15 days of February into core European markets have slumped by 700kbd to just 130kbd.
- This fall into Europe has not been matched by imports into alternative markets as vessels take longer to arrive to new destinations. There are questions over whether all CPP flows on the water have buyers.
- Alternative destinations are emerging in the Middle East, West Africa and especially more recently to Brazil.
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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