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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
Russian diesel supply is starting to pile up on tankers, with an average of 6.2mn barrels of diesel floating in the ten days to 17 March, Kpler data showed, the highest since 2017.
- The reason behind the supply glut is not clear but the ramping of US sanctions on Russian Sovomflot vessels could be a reason.
- Diesel April loadings from Russian Baltic and Black Sea ports are likely to decline due to refinery maintenance and Ukrainian attacks on Russian oil refineries.
- Russian diesel exports slipped to just over 600kbpd in the first week of March, compared with 675kbpd in February, industry data showed.
- Sergei Vakulenko, a scholar at the Carnegie Endowment for International Peace, estimated that drone attacks are likely to reduce Russian diesel output by 6-8%.
- Exports of diesel and fuel oil could each fall by 1200-150kbpd, he added. IEF’s Kondratiev sees diesel exports falling by 70-100kbpd.
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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