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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
Russia-origin seaborne crude exports averaged 3.87 million bpd in May, the highest monthly pace since Russia invaded Ukraine in February 2022 according to Platts vessel tracking.
- India imported 2 million bpd of Russian crude in the month, a 14% jump on April levels and a fresh record high for Russian crude flows into the country.
- Urals exports rose to 2.3 million bpd in May, up from 2.2 million bpd in March and April.
- Urals discount to Dated Brent averaged $26/bbl in the first three weeks of May according to Platts assessment.
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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