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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 daily crude output averaged 1.310mn tons last month, or 9.605mbpd, meaning Russian exports stood 344kbpd below the February baseline for its 500kbpd output cut according to data from the Russian Energy Ministry.
- August crude output stood 7kbpd below July levels.
- The so-called secondary sources used by the OPEC countries estimated Russia’s February crude output at 9.949mbpd. If you use the figure for that month estimated by the Energy Ministry of 10.0mbpd, then Russia cut output against the baseline by 470kbpd.
- Russia on Wednesday announced to extend its voluntary export cuts of 300kbpd until the end of the year but plans to review cuts on a monthly basis.
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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