MNI BRIEF: Japan Nov CGPI Rises 3.7% Y/Y, Import Prices Drop

MNI: JAPAN NOV CORP GOODS PRICE INDEX +3.7% Y/Y; OCT REV +3.6%

TRUDEAU SAYS IT LOOKS LIKE BOC WILL BE LOWERING RATE AGAIN

MNI BRIEF: Brazil Not Even Close To Fiscal Dominance - David

CORRECTED-MNI BRIEF: Brazil Inflation Rises To 4.87% In Nov

MNI China Daily Summary: Tuesday, December 10

MNI: USDA: 2024/2025 CORN PRODUCTION EST 15.14B BSL

EZ/UK T-Bill Calendar: 12-Month BOT Auction on Wednesday

EZ/UK Bond Supply Calendar: 4.25% Jul-34 Gilt Due Wednesday

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Adnoc Diverting Upper Zakum Crude to Ruwais

OIL

Abu Dhabi’s Adnoc began diverting its medium sour Upper Zakum crude to its Ruwais refinery for economic reasons at the end of last year according to Argus reports.

  • The move also helps free up more of UAE’s lighter, sweeter Murban crude for export.
  • "[Adnoc] began, since a few months, refining quantities from Upper Zakum instead of Murban at the Ruwais refinery," the source said. "This is the crude flexibility project, to process medium grades, for economical reasons," the source added. "Customers generally prefer more Murban and the grade is more profitable [for Adnoc]" Argus reported.
  • Murban available for export from June onwards is revised higher from June onwards. Its export forecast set March 2025 at a high of 1.661mn b/d, up from 1.602mn b/d for April this year.
Energy BulletsHomepageBulletCommodities
Energy BulletsHomepageBulletCommodities

To read the full story

Close

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.