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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 PRODUCTS
The Al Zour, Dangote and Duqm refineries are now exporting ~650,000 bpd of clean petroleum products onto international markets according to June projections by Vortexa.
- Al Zour is based in Kuwait, Dangote in Nigeria and Duqm in Oman. The new refining capacity is set to shake-up global oil product flows as runs are expected to increase further.
- Gasoline deliveries from Nigeria's Dangote refinery are delayed until July for example according to Aliko Dangote speaking with Nigerian media Channels TV last week.
- The refineries coming online have also been providing more availability of straight run fuel oil as they ramp up operations to higher value products.
- Imports of straight-run fuel oil to the U.S Gulf Coast climbed to record levels last month according to Kpler due to higher supplies from Mideast and African suppliers.
Source: Vortexa
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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