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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 diesel exports rebound whilst crude exports decline according to a report from Vortexa.
- The new Russian announcement of additional crude export cuts is unlikely to meet much credibility in the market. Russian product exports are skewed further to premium product diesel.
- Europe remains well supplied with diesel, despite the temporary June decline due to lower East of Suez inflows amid arb cycles. Core European countries continues to import diesel with growing share from the US.
- The impact of the new round of EU sanctions on tankers expected to be minimal
- Med shifts gasoline flows from USAC toward ARA as USAC gasoline demand softens and Europe takes off.
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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