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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.
OIL
Russian seaborne weekly crude oil shipments rose by 370kbpd on the week to 3.24mbpd as of 26 November, while four-week average shipments declined by around 100kbpd on the week to 3.16mbpd, Bloomberg ship tracking data showed.
- Russian four-week seaborne crude flows to Asian customers – including ships not showing a final destination – fell to 2.63mbpd as of 26 November, down from a revised 2.74mbpd in the four weeks to 19 November.
- Loadings to China during the four weeks to 26 November stood at around 1.23mbpd, while 870kbpd signalled India as a destination.
- Russia pledged to cut crude and products exports by 300kbpd below the May-June average until the end of the year. Seaborne flows should be around 3.28mbpd – if exports would entirely be cut on crude.
- Ongoing disruptions at Russia’s Black Sea ports this week due to a storm in the region is likely to weigh on this week’s seaborne crude shipments.
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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