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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.
REFINING
Refinery runs in Russian have dipped slightly so far in April with oil-processing rates down due to the maintenance season and amid production cut targets.
- Domestic refinery runs during April 1-19 were down just 0.2% from March at 5.67mb/d according to Bloomberg sources.
- The oil market has been closely monitoring refinery throughput and export flows after Russia originally pledged to cut production by 500kb/d in March which was later extended for the whole of 2023.
- Earlier this month Russia’s energy ministry said output was cut by 700kbpd in March, but crude export data last week cast doubt on the size of Russia’s output reduction.
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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