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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 residual fuel oil exports in July remained flat m/m at 800kbd, down almost 22% from the peak in March according to Vortexa but their loading pattern shifted.
- Rising tension in the Black Sea after the collapse of the grain deal have slowed loadings there in favour of the Russian Baltic.
- Russian Baltic residual fuel oil exports have risen almost 16% m/m this month (days 1- 23) matching the previous high seen in January. Russia Black Sea fuel oil loadings fell to a multi-year low of 165kbd.
- These cargoes are taking ~11 days longer to East of Suez market – exacerbating HSFO market tightness.
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.
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