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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
Russian seaborne crude exports have been rising to the highest monthly level since at least 2017 so far this month, as refiners boost exports before EU restrictions from 5 December, Kpler data show.
- Average daily seaborne oil-products exports stood at 3.17mn b/d on 1-10 November, up by 22% month on month.
- “Shipping and insurance is still in limbo, so for many it’s best to stock up now before all of it comes into effect,” said Kpler analyst Viktor Katona.
- The EU restrictions on importing most Russian crude oil and refined products will come into force on 5 December. The restrictions will force Russian producers to find new markets for at least 1.6mn b/d of crude and 1mn b/d of oil products, according to IEA estimations.
- The EU is currently still discussing Russian oil price cap levels.
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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