Free Trial
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
In the run up to the recent Russia oil product export bans, the surplus in gasoil inventories that had been built up in 1Q23 had been drawn down according to Petro Logistics.
- Based on Petro Logistics figures, the rebuild in stocks in January was quick suggesting the ban may not last long if its intent is to build stockpiles to the same level. (see chart)
- It follows similar reports yesterday from a Bloomberg source claiming Russian diesel exports had slipped 28% ahead of the ban.
- Russia exported an average of about 65,700 tons of diesel a day from Sept. 1 to 20 via sea ports and railways, according to the Bloomberg source. It compares to an average of 91,800 tons/day for most of August.
source: Petro Logistics
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok