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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 crude exports in the period to June 2 declined for a fourth consecutive week, according to Bloomberg, with shipments hitting a three and a half month low.
- Four-week average shipments were down 115k b/d to 3.27m b/d.
- The more volatile weekly flows were unchanged at 3.22m b/d.
- Crude shipments so far in 2023 from Russia are around 5k b/d above the 2023 average.
- Russia said it would compensate for overproduction in April, which it attributed to “technicalities of making significant output cuts.”
- The falling output may be a sign that the Kremlin is making good on its promises, Bloomberg said.
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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