Free Trial
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 floating diesel – stationary for 7-day or more has risen to well over 4mn bbls according to Kpler figures as the impact of the EU Feb 5 ban takes hold.
- It is the highest on their records going back to 2016.
- Russia has been sending cargoes without a buyer which have ended up going into floating storage. If the volumes keep rising longer term, Russia will be forced to cut production.
- Russia’s clean tanker fleet is already facing logistical difficulties because of longer journey times pressuring its fleet capacity – something floating storage will only exacerbate.
- The diesel has been floating off Morocco, Greece, Turkey and Brazil.
- Vortexa data showed Russian diesel imports into Brazil surging to a record high in Feb, displacing usual US barrels.
source: Kpler
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok