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 crude exports continue at high rates according to Vortexa, with Chinese imports now picking up markedly (see chart).
- Aframax tankers carry most of the volume, with Kalamata and Ceuta STS movements contributing to tonne-miles demand.
- Only a limited amount of Russian oil is in floating storage, partly a function of longer discharge times in Africa and other new destinations. Vortexa disputes claims of higher volumes ending up in floating storage at present, instead finding that discharge procedures in new developing markets are taking longer.
- As exports are rather rising than falling - across the board for crude, clean and dirty products - at least some doubts can be raised about Russian claims to cut oil production this month.
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok