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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
Russian crude exports fell 290kbpd to 2.99mbpd in September, the lowest since September 2021 according to S&P Global.
- European buyers are reducing imports of Russian oil ahead of the EU ban and G7 price cap on Russian crude which starts on Dec 5 with supplies redirecting to the east.
- Russian crude to Europe has fallen below 1mbpd for the first time since July 2020.
- Russian exports to Turkey rose 19% on the month to a record 414kbpd to become Russia's third largest buyer of crude behind China and India.
- China and India bought 60% of Russian exports in September, up from 54% in August.
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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