© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

BOC SAYS ECONOMY STILL NOT ON SUSTAINABLE PATH TO 2% INFLATION

BOC SPEECH ECHOES OUTLOOK FROM WEDNESDAY'S RATE DECISION

MNI BRIEF: EZ '24 Fiscal Contraction Still Appropriate-Eurogroup

MNI: FED BALANCE SHEET TOTAL ASSETS -$59B TO $7.737T IN WEEK

MNI: US OCT CONSUMER CREDIT +$5.1B

EZ/UK Bond Supply Calendar: BOE APF Operation on Monday

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

MNI BRIEF:Macklem-Fiscal Policy Turning Unhelpful On CPI Fight

MNI BRIEF: Stabilizing Prices Helps BOC Turn Neutral-Freeland

Russia’s Domestic Fuel Shortage To Ease Soon Post Maintenance: Shulginov

OIL PRODUCTS
BulletEnergy BulletsHomepageCommodities

Russia's domestic fuel shortage should ease somewhat soon after a few oil refineries will complete annual maintenance, Energy Ministry Nikolai Shulginov said.

  • "We're expecting repairs to end at refineries every day now. We hope that in the coming days we will increase production volumes”, Shulginov said.
  • Deputy Prime Minister Alexander Novak has said that the government is working on a number of measures that will stabilize the situation on the Russian fuel market, Russian agencies reported.
  • The Russian Energy Ministry has reportedly recommended to limit exports of Euro-5 grade diesel to just over 1.5mn tonnes across September. Euro 5 grade gasoline is also to be restricted to 103,000 tonnes, according to a letter seen by Bloomberg earlier last week.
  • Russian diesel exports from key western ports are expected to fall by 25% this month amid seasonal refinery maintenance and government efforts to maintain domestic supplies according to Bloomberg. September diesel loadings from the ports in the Black and Baltic Seas are set at 1.874mn tonnes, down from 2.496mn tonnes in August.
171 words

To read the full story

Close

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.

Russia's domestic fuel shortage should ease somewhat soon after a few oil refineries will complete annual maintenance, Energy Ministry Nikolai Shulginov said.

  • "We're expecting repairs to end at refineries every day now. We hope that in the coming days we will increase production volumes”, Shulginov said.
  • Deputy Prime Minister Alexander Novak has said that the government is working on a number of measures that will stabilize the situation on the Russian fuel market, Russian agencies reported.
  • The Russian Energy Ministry has reportedly recommended to limit exports of Euro-5 grade diesel to just over 1.5mn tonnes across September. Euro 5 grade gasoline is also to be restricted to 103,000 tonnes, according to a letter seen by Bloomberg earlier last week.
  • Russian diesel exports from key western ports are expected to fall by 25% this month amid seasonal refinery maintenance and government efforts to maintain domestic supplies according to Bloomberg. September diesel loadings from the ports in the Black and Baltic Seas are set at 1.874mn tonnes, down from 2.496mn tonnes in August.