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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 PRODUCTS
Russian diesel exports fell by 57% after Moscow introduced the ban from 21 September, Vortexa data showed, cited by Bloomberg.
- Observed outflows of diesel dropped to about 207kbpd from Sept. 21 until the end of the month. This compares to 479kbpd on 1-20 September.
- Shipments of gasoil, which is excluded from the ban, and diesel together fell by 36% since the ban.
- In contrast, Russian total petroleum products exports increased by around 7% on the month in September to 2.43mbpd, amid increased flows of naphtha, light-end product used to make gasoline, and dirtier fuel oil, often used in shipping and secondary refining feedstocks.
- September naphtha exports soared by 64% month on month to 560kbpd, the highest level since March.
- Fuel oil exports in September rose by 19% on the month to 763kbpd.
- Exports of refinery feedstocks like vacuum gasoil rose to a four-month high of 128kbpd.
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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