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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.
OIL
Rates for Aframaxes, smaller oil tankers, are trading at a narrower premium to VLCCs amid lower demand for Russian crude oil given the country’s pledged export cuts for August according to Bloomberg and the Baltic Exchange.
- Following Russia’s invation of Ukraine, more Aframax ships than VLCCs joined Russia’s dark fleet.
- Aframax time-charter equivalent rates are trading at a premium of roughly $10,500/d above VLCC freight, down from a record $96,000/d in April last year, according to the Baltic Exchange.
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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