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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
Russia’s oil shipments have declined for five consecutive weeks according to Bloomberg vessel tracking, taking them down by 480,000 bpd or 13% since mid-June.
- Shipments to China and India are down by somewhere between 15% and almost 40% from their post-invasion peak.
- Asian countries, dominated by China and India, are still taking more than half of all the crude shipped from Russia, up from about one-third before the invasion.
- Shipments to China averaged 810,000 barrels a day in the most recent four-week period, down from a revised 862,000 barrels a day in the four weeks ended July 15. Flows to India were 739,000 barrels a day, compared with a revised 757,000 barrels a day.
Source - Bloomberg
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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