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
Asia accounted for over 70% of Russia’s fuel oil arrivals in November – 10% higher than October according to Vortexa.
- Russia is facing limited export options because of lower demand from the Middle East.
- Russian fuel oil arrivals into Singapore set a record of 200kbd in November, with 60% of the volume discharging into offshore floating storage in Tanjung Pelepas.
- Indian imports of Russian fuel oil are up for a fourth consecutive month while China has reversed Octobers dip. (China is expected to increase Russian fuel oil buying because of the new 3mn ton quota for Shandong refiners.)
- Middle East refineries returning from maintenance – such as Al Zour – are set to boost Asian bound fuel oil cargoes in the short term and further pressure Russian supplies in need of an outlet.
- See chart for overall slipping Russian fuel oil exports but boost to Asia.
source: Vortexa
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