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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.
DIESEL
The ten day average of exports of Russian diesel-type fuel dropped to the lowest since December to an average of about 840kb/d according to Bloomberg citing Kpler data.
- Russian diesel exports remain in focus as Ukrainian drone attacks on Russian oil refineries and energy infrastructure continue.
- Russian air defences had thwarted an attempted Ukrainian attack on Tatneft’s 360kbpd Taneco oil refinery in the region of Tatarstan on Tuesday morning, Russian officials said, cited by Reuters.
- Last week FGE estimated Russian refinery runs to drop by around 330kb/d year on year in 1H 2024.
- Russia is planning to reduce diesel exports from its Baltic and Black Sea ports to 569kbpd as crude-processing rates fell to a 10-month low due to drone attacks and seasonal maintenance.
- Gasoil APR 24 up 1.3% at 833.25$/mt
- ULSD MAY 24 up 1.5% at 2.67$/gal
- EU Gasoil-Brent up 0.6$/bbl at 21.36$/bbl
- US ULSD crack up 0.5$/bbl at 27.2$/bbl
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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