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Free AccessRussian Ural Exports Hit Ahead of Oil Ban
With less than two weeks to go until European Union sanctions come into force, Russia has already lost more than 90% of its market in the bloc’s northern countries according to Bloomberg vessel tracking.
- Russia shipped just 95,000 bpd to Rotterdam — its only remaining European destination for seaborne deliveries outside the Mediterranean/Black Sea basin — in the four weeks to Nov. 18.
- That figure is down from more than 1.2mn bpd in February.
- Three-quarters of the crude loaded at Russia’s Baltic ports is now headed to Asia.
To read the full story
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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.