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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
Volumes of Russia’s Urals crude on idle tankers in the Baltic Sea are increasing, likely hit by greater enforcement of sanctions, according to Bloomberg.
- Four tankers holding about 3m bbl of Urals crude have been idle for at least a week near Ust-Luga. A fifth tanker has been idle for six days.
- Bloomberg noted that it is unusual for Urals tankers to be idle after loadings, with vessels usually sailing for their destination immediately.
- None of the ships is believed to be subject to sanctions themselves.
- Russia’s sokol crude flows have also been disrupted. Around 12m bbl of Sokol is idling in the Pacific Ocean after being bound for India.
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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