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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 exports of crude are at their highest rate for four months, according to Bloomberg.
- Russia shipped around 3.48m b/d in the four weeks to Nov. 5, despite the more volatile weekly flow falling 0.4m b/d to 3.24m b/d.
- The weekly decline was driven by lower shipments from the Baltic and Black Sea Ports.
- Overall shipments are around 105k b/ below average shipments April-June.
- Russia said that it would cut exports by 300k b/d from May-June levels until the end of 2023, but current exports of crude are down by just one third of that level, Bloomberg said.
- Deputy PM Alexander Novak later said that the output cut will include both crude and refined products.
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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