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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.
REFINING
Russian refining rates remain under pressure – showing limited recovery from the drone attacks according to Bloomberg figures.
- Russian refineries processed 5.24 mn bpd in the April 1-24 period, according to a Bloomberg source - down slightly from March.
- Russia’s average refining rates totalled 5.27 mn bpd in the seven days to April 24, about 0.8% above the previous week’s level.
- Of the facilities hit by Ukrainian drones, only Rosneft PJSC’s Tuapse facility remains completely offline, the person said.
- Other refiners are still recovering or undergoing maintenance work.
- Further drone attacks by Ukraine this week indicate that their threat remains present despite the US calls to stop targeting Russian infrastructure and after the latest aid bill approval.
- US officials are concerned that the attacks on Russian energy will only ramp up global prices as they seek to tackle an ongoing domestic inflation battle during an election year.
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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