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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
Asia has lost 920kbd of medium/heavy sour barrels in Q1 2024 y/y with more volumes at risk according to Vortexa.
- Asian supply has been hit by OPEC+ cuts as well as Mexico/Kuwait reducing exports for domestic refining plans.
- Venezuelan barrels are likely to head back to China now that US sanctions have been reimposed, offering some support for teapot refiners but pulling volumes away from India.
- Higher volumes of sweeter crude in Asia are supportive of higher gasoline runs which could press margins.
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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