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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
The Socar Star oil refinery in Turkey is cutting down purchases of Russian crude, according to tanker tracking and an Bloomberg sources.
- Only two tankers left Russian ports heading for the refinery in Jan and another two in Feb according to tanker tracking data. The average flow volume is about 50kbpd compared to about 180kbpd in seven cargoes per month from August to October.
- The company is due to all but halt Russian purchases according to Bloomberg sources.
- Turkey was one of the key buyers of Russian crude late last year, but shipments reduced significantly following the sanctions on Russian crude at the start of December.
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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