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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
Around 15-35 Aframaxes could be switching to clean trade in the coming months according to Kpler.
- The switch is being driven by record high LR2 productivity and Aframax weakness.
- The earnings spread between LR2s trading clean products and Aframaxes carrying crude and fuel oil hit $60,000/day last week, a record high according to Kpler.
- The crisis in the Red Sea continues to impact global trade, with tanker transits falling to 10 per day (7DMA), a new low since the Houthi’s first began attacking ships in November.
- Longer voyages are being driven by the Red Sea disruption, lifting LR2 ton-miles to a 10-month high.
Source: Kpler
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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