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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 to short-haul destinations have been decreasing since the start of the conflict in Ukraine and longer-haul exports are likely to pick up further in the coming months, amid sanctions, according to Vortexa.
- Between Jan 2019 and Feb 2022, 45% of monthly Russian crude exports were sent to the main short-haul destinations UK Cont, Baltic and Black Sea.
- Since the start of the conflict in Ukraine, short-haul exports fell to 20% amid sanctions.
- Longer-haul exports such as to China, India and Turkey have been increasing since February and are expected to increase further in the coming months, following the EU ban on Russian crude oil.
- Longer-haul exports will increase turnaround times, meaning a higher number of vessels will be required.
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.
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