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OIL
Russian seaborne crude exports rose by 80,000 bpd on a four-week average basis to a five-week high of 3.19 mn bpd in the period to August 11 according to Bloomberg vessel tracking.
- Russia’s seaborne daily crude flows in the week to August 11 dipped slightly by about 10,000 bpd to 3.29 mn bpd, bringing to an end a run of four straight weekly increases.
- It comes following figures from the Energy Ministry in Moscow and OPEC’s secondary sources showed that Russia pumped in excess of its OPEC+ output target again in July.
- The energy ministry reports over production at 67,000 bpd and OPEC 111,000 bpd.
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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