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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 PRODUCTS
Russian diesel exports are slipping and will inevitably fall further over the coming months according to Vortexa due to Russian refinery drone strikes.
- Russian refining capacity has been hit by persistent Ukrainian drone attacks, knocking its ability to put refined products onto global markets. (Market sources place offline capacity between 500-900kbd)
- Diesel-specific units are affected leading to lower diesel exports but potentially higher fuel oil and VGO exports Vortexa said.
- Russian refineries are usually in the midst of peak refinery maintenance Mar-May, something they will seek to shift to alleviate refining tightness at present.
- The runs of diesel-making units will be prioritised, leading potentially to a lower impact than what crude runs may imply Vortexa said.
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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