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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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Free AccessRussian Offline Primary Oil Refining Capacity To Rise in August
Russian offline primary oil refining capacity is seen rising by 40% in August from July to 3.601 million tons, Reuters calculations showed on Wednesday.
- An increase in idle oil refining capacity usually incentivizes exports.
- Deputy Prime Minister Alexander Novak announced last week that Russia would cut oil exports by 500,000 barrels per day in August.
- Russian crude exports are showing signs of weakening. The four-week average seaborne exports were down by just over 1mbpd on the week to 2.86mbpd in the week to 9 July according to Bloomberg.
To read the full story
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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.