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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 PRODUCTS
Russia is planning to slightly lower diesel exports from three western ports in February amid lower refinery runs, according to Bloomberg.
- Diesel loadings from Baltic and Black Sea ports are set to fall to 2.93m mt, or around 754k b/d. This is down 0.9% on the month, according to Kpler data.
- Primorsk will load 2.007m mt, with Vysotsk loading 0.338m mt and Novorossiysk loading 0.587m mt.
- Russian refineries have marginally reduced their runs so far in 2024 and has retained some export restrictions on winter-grade diesel.
- The data does not reflect flows to three domestic ports by pipeline, nor does it reflect diesel shipments from Tuapse. The port is linked to a refinery that was halted after a drone attack.
- Spare capacity at Tuapse after the outage at the linked refinery may be utilised for diesel exports from other facilities, according to Kpler.
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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