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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
Russian seaborne exports show no sign of a reduction due to the announced 500kbpd production cut in March according to Bloomberg vessel tracking data.
- Russia’s seaborne crude flows rebounded 220kbpd in the week to 10 March to 3.33mbpd. The four-week average output increased 116kbpd to 3.41mbpd.
- Supply to Asian customers rose to a new high of 3.19mbpd up from 3.1mbpd the previous week. This includes 682kbpd to unknown Asia destination which historically are headed to India.
- India and China are still the main buyers of seaborne Russian crude with India recently increasing purchases of the Pacific ESPO crude grade. Four out of 11 ESPO crude cargoes loading so far this month are heading to India compared with two out of a total 30 shipments in February.
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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