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OIL
Shipments of Russian crude from its Pacific coast terminals jumped in April to reach their highest since May 2020 according to Bloomberg vessel tracking.
- Total exports from terminals at Kozmino and De Kastri on the Russian mainland, and Prigorodnoye on Sakhalin Island, rose to 1.11m b/d in April from 1.07m b/d in March.
- The higher flows come during the second month of the supposed 500,000 bpd output cut.
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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