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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
Russian oil exports remain buoyant despite its claims that is has cut production drawing into question whether they are committed to fulfilling them.
- Russian oil exports averaged about 3.4mn bpd last week, almost unchanged from the week prior according to Bloomberg vessel tracking.
- Demand from Russia’s key buyers China, India and Turkey remains strong.
- Seaborne exports still aren’t reflecting a production cut that Moscow’s energy ministry said was as big as 700,000 barrels a day in March.
- Russia has said it intends to cut its oil production by 500,000 bpd from March until the end of the year – a factor, which along with other OPEC+ cut commitments has been the largest driver of crude this year.
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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