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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
The total volume of crude and condensates shipped to export markets from Russia’s Arctic ports in July was stable in June at 353k b/d, Bloomberg said. This compares to 355k b/d in June.
- Crude shipments from Murmansk averaged 316k b/d in July, up from 333k b/d in June.
- All of the ships departing Murmansk in July appear to be headed to Asia, although most have not indicated a destination beyond the Suez Canal.
- Russia’s Sovcomflot has now begun transportation of Urals crude to Asia via the Northern Sea route, sources told Reuters. This could have an impact for flows from August onwards.
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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