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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
Flows of crude oil from the Russian port of Murmansk fell to the lowest of the year in September on lower supply to Europe.
- Seaborne flows of Russian crude are starting to fall ahead of the implementation of the EU ban on Russian supply on Dec 5. So far data is not showing any renewed increase in flows to Asia to offset the reduction to Europe.
- Shipments averaged 240kbpd in September down from 329kbpd in August according to Bloomberg vessel tracking data.
- The reduction was driven by lower flows to Rotterdam while flows to Italy’s Lukoil ISAB refinery rose. Supplies to India were unchanged.
Source: Bloomberg
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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