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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 crude exports are becoming more indicative of production cuts according to Bloomberg vessel tracking.
- Russian four-week average seaborne shipments edged down in the period to June 18 to 3.63 mn bpd from 3.66 mn bpd in the period to June 11.
- Flows are down by 212,000 bpd from the peak they reached in the period to May 21, but are still 250,000 bpd higher than they were in the four weeks to Feb. 26. February - which was the baseline month for 500kbd production cuts.
- Russian refinery runs have risen to a nine-week high as they return from maintenance which is expected to pull volumes away from the export market.
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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