OIL: Ukraine’s Drone Strikes Critical Threat to Russia’s Crude Output:Kpler
Sep-24 17:28
Sustained drone attacks on Russian oil infrastructure this winter could also pose a critical threat to the nation’s long-term crude production capacity, Kpler said.
- Russian crude supply is currently around 9.15m b/d, well below the estimated sustainable capacity of 9.45m b/d.
- Any forced well shut0ins, particularly in mature Siberian fields, risk causing permanent damage which could make a restart of production prohibitively expensive, if not impossible, Kpler added.
- Kpler envisions that if crude exports, floating storage levels, or observed stock levels do not start increasing materially in the next weeks, it would be an indication that Russian crude supply is facing severe difficulties that could cap its capacity to rebound.
- While it could use the underutilised Transneft pipeline system as temporary storage, this could not be extended beyond a couple of weeks.
Want to read more?
Find more articles and bullets on these widgets:
Historical bullets
PIPELINE: Corporate Bond Roundup: $1.05B SEB Launched
Aug-25 17:27
- Date $MM Issuer (Priced *, Launch #)
- 08/25 $1.05B #Skandinaviska Enskilda Banken AB (SEB) $750M 5Y +73, $300M 5Y SOFR+106
US: FED Reverse Repo Operation
Aug-25 17:24
RRP usage rises to $47.567B this afternoon from $36.275B Friday -- compares to $22.344B on Tuesday, Aug 19 - lowest since April 5, 2021. Total number of counterparties at 23. This year's high usage of $460.731B on June 30.
US TSY FUTURES: Paring Losses, Curves Bull Flattening
Aug-25 17:15
- Still weaker, Treasury futures are climbing off midday lows, curves bull flattening (2s10s -1.166 at 54.362, 5s30s -1.076 at 110.403).
- Tsy Sep'25 10Y contract trading near NY open levels: TYU5 -3.5 at 112-01 vs. 111-27.5 low. Sights are on 112-15+, the Aug 5 high and the bull trigger. Clearance of this hurdle would resume the uptrend and pave the way for a climb towards 112-23 initially, the May 1 high.
- Heavy volumes tied to robust rolling ahead Friday's First Notice when Dec'25 contracts take lead.
