Free Trial

Russian LR Demand Slipping

OIL PRODUCTS

In June, Russian clean exports increased as refineries returned from maintenance.

  • There has been a significant shift in vessel usage for their exports, with LR ton-miles declining and more cargoes being shipped on MRs according to Kpler.
  • These changes in Russian export trends are impacting clean rates. MRs are staging a recovery, benefiting from the increased cargo shipments, while LRs continue to experience lower rates.

To read the full story

Close

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.