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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
Russia’s oil refineries raised crude-processing rates this month to a daily average of 5.62mn barrels on 1-26 July as major maintenance was completed, a person with knowledge of the matter told Bloomberg.
- This was up by 154kbpd, or 2.8%, from the same period in June.
- Of all notable Russian refineries, only the 70,000 barrels-a-day Yayskiy facility in western Siberia, is now undergoing works, Viktor Katona, head crude analyst at Kpler said.
- Russia’s refineries are expected to keep a high level of crude-processing in August, before the government halves subsidies for domestic supplies of diesel and gasoline from September through 2026.
- “We would expect refinery runs to remain within the 5.6-5.7mbpd throughout August and only start to decline in September when the autumn maintenance season will start”, Katona said.
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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