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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
Russian refineries cut processing rates in early October to lowest in 19-weeks.
- Primary crude processing averaged 5.16 million barrels a day in the first four days of the month according to a Bloomberg source.
- The rate dipped by 220,00 bpd from September’s average.
- Runs have been impacted by maintenance and the temporary oil product ban that has now largely been lifted for diesel but remains for gasoline.
- The lifting off the ban is now understood to be encouraging refinery runs now that a fear of domestic overstocking has been alleviated according to earlier comments by Novak.
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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