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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 four-week average seaborne crude exports hit a three-month low, amid storms affecting loadings in the Black Sea for the past three weeks.
- Around 3.04m b/d of crude were exported from Russian ports in the four weeks to Dec. 3, according to Bloomberg tanker tracking. This is down 0.125m b/d compared to the revised figure as of Nov. 26.
- The weekly flows from Russia fell sharply, down 0.5m b/d to 2.74m b/d, the lowest in 15 weeks.
- Russia announced last week that it will Russia will deepen its oil export cuts to 0.5m b/d below average May-June levels during Q1 2024, of which 0.3m b/d will be crude cuts.
- Russia’s oil processing in the last week of November also showed the deepest weekly decline since late August amid lower processing at several refineries.
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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