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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 exports of refined oil products are poised to plummet to a 10-month low in August, according to Bloomberg.
- Refined product flows from Russia fell to 2.3m b/d in the period Aug. 1-26, according to Vortexa data, down 0.25m b/d on July’s export levels.
- The decline in exports is the result of a drop in oil processing as refiners prepare for planned maintenance.
- Diesel flows, the top-oil product exported from Russia, dropped to 1.05m b/d for the period Aug. 1-26, the lowest level since May.
- Russia’s Energy Ministry has advised producers to redirect some diesel and gasoline to the domestic market to maintain supplies.
- Fuel oil shipments, a third of overall fuel flows from Russia, declined to 603k b/d in over the period Aug-1-26, the lowest since March 2022.
- The market uses Russian oil shipments to infer crude production as the official figures are not released publicly.
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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