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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
Russia’s exports of fuels such as diesel and gasoline are on course to remain well above seasonal norms this month despite EU sanctions, Vortexa data showed.
- Shipments of clean petroleum products — of which more than half are diesel-type fuel — stood at 1.9mbpd during the first three weeks of April, Vortexa data showed.
- If that rate continues for the rest of the month, exports will be their highest for the time of year since at least 2016.
- Exports of diesel-type fuel in March hit the highest level on record in data going back to the start of 2016. Much of Russia’s diesel-type fuel has been exported to Turkey, North Africa and Brazil since the start of the EU sanctions on 5 Feb.
- Overall clean petroleum product exports in April are on track for a monthly decline, amid slightly reduced oil processing rates during seasonal maintenance.
- In April Russia’s oil refinery runs are expected to exceed 23mn tons. This would be up by around 17% on the year, as refiners decided to delay routine work for a coupe of months to profit from good margins.
- Russia’s oil refinery throughput in March rose by around 10% year on year to 24.1mn tons.
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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