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 oil exports rose by 540kbpd last week, recovering a little less than half of the previous week’s loss and climbing back above 3mbpd, according to tanker-tracking data compiled by Bloomberg.
- Crude flows in the week to April 14 rose by 540kbpd from the previous week, to 3.43mbpd. On a four-week average basis, overall seaborne exports increased by 50kbpd 3.39mbpd.
- Moscow’s energy ministry said output was cut by 700kbpd in March and the previous week’s shipments were consistent with a lower production level.
- But the increase in flows last week casts doubt on the size of any output reduction, particularly as the increase came from ports in the west of the country, where the burden of cuts is expected to be felt.
- The combined volume of crude on vessels heading to China and India plus smaller flows to Turkey and quantities on ships that haven’t yet shown a final destination rebounded to 3.31mbpd in the latest four-week period.
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