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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
Russia’s refineries have cut processing rates so far in May amid seasonal maintenance according to a Bloomberg source.
- Crude oil processing rates fell 220k from April and 300k from March to 5.38mbpd from 1-10 May.
- The decline reduces domestic demand on crude at a time when Russia has pledged to cut crude production by 500kbpd. The production cuts have not been reflected in recent seaborne crude tracking data although the Russian energy ministry last week suggested April production was down 443kbpd from February.
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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