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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
Overall Russian oil exports have remained firm in March despite Novaks’s latest comments about its commitment to reducing output by 500,000 bpd this month nearing its target.
- He added that Russia aims to maintain the 500,000 bpd cut to its oil production until June prompting crude markets to rise about $2/bbl so far.
- The lagged effect of production hitting impacts means that Russian crude flows may be seen trailing off somewhat in the weeks ahead if production cuts materialise.
- In the seven days to March 17, Russia’s shipments were trimmed by 90,000 bpd to 3.23 million barrels a day versus the week prior according to Bloomberg vessel tracking. The less-volatile four-week average dipped by a similar amount.
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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