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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.
OIL PRODUCTS
Russian oil product exports in the four weeks to 14 January rose to 2.77mbpd, up by 53kbpd from the week before, and the highest level in nine months, according to Vortexa data, cited by Bloomberg.
- Weekly flows rose by 15% to 3.22mbpd as of 14 January.
- Russia announced plans to reduce refined products exports by 200kbpd in 1Q 2024 compared with the May-June 2023 average, which is equal to around 2.28mbpd.
- Diesel and gasoil exports rose by 11% from the previous week to 1.38mbpd, the highest since August.
- Naphtha shipments increased by 9% to a three-month high of about 588kbpd.
- Fuel oil exports climbed by 36% to a three-month high of 960kbpd, amid an increase in cargoes headed toward the Middle East and unknown destinations.
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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