Free Trial
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
Russia’s seaborne crude exports maintained a multi-month high in the four weeks to April 21, according to Bloomberg.
- Oil processing, meanwhile, is near the lowest level since May amid damage from both recent flooding, and Ukrainian strikes on Russian refineries.
- Weekly crude flows were down by 0.5m b/d on the week to 3.45m b/d in the seven days to April 21.
- However, the four-week average was largely unchanged at 3.66m b/d, the highest since June.
- This put weekly shipments around 15k b/d below Russia’s April target. The four-week average level was 195k b/d higher than the target level.
- Russia said it would cut crude exports during April by 121k b/d compared to the average May-June level as part of its OPEC+ agreement.
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok