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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 averaged 2.99 million b/d in September, down 290,000 b/d on August levels and the lowest since September 2021 according to Platts vessel tracking.
- Russian flows to the Netherlands fell to 165,000 b/d in September, down from 390,000 b/d in August.
- Russian crude cargoes bound for Europe have now sunk below 1 million b/d, down from pre-war levels of 1.5 million b/d.
- Russian exports to Turkey rose 19% in September to a record 414,000 b/d. It is the third largest buyer of Russian crude behind China and India.
- China and India bought 60% of Russian exports in September, up from 54% in August. Flows to China dipped by 76,000 b/d on the month but Indian imports rose by 60,000 b/d to average a combined 1.77 million b/d.
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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