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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
Russia’s oil product exports hit a five-month high in the first 23 days of September, up 15% on August, according to Bloomberg and Vortexa.
- Refined fuel exports were 2.6m b/d, boosted by higher naphtha and fuel oil output. Naphtha exports surged 76% to 604k b/d while fuel oil shipments were 850k b/d, the highest since Russia’s invasion of Ukraine.
- The increase comes despite ongoing refinery maintenance during turnaround season.
- However, diesel shipments decreased and are expected to slow further since Russia’s ban on exports of the product began Sep. 21. Diesel exports were down 8% from August to 0.96m b/d during Sep. 1-23.
- Just three tankers carry around 100k mt of diesel have departed from Primorsk since Sep. 21, when the ban was implemented.
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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