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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.
OIL
Russian crude began travelling longer distances by sea almost straight after the Russia-Ukraine conflict started, while clean petroleum products were almost a year later to travel further according to Vortexa.
- It highlights Europe’s dependency on Russian diesel versus its crude. The EU ban on Russian crude came in Dec 5 2022 while diesel waited until Feb 5 2023 to help the region find alternative supplies.
- Mileage of Russian CPP is likely to remain high, with increased flows of Russian diesel to destinations such as Brazil and West Africa.
- Tanker behavior after discharging on these routes suggests they are staying in the Russian trade, ballasting primarily back towards the Baltics according to Vortexa.
source: Vortexa
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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