Free Trial
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
Saudi Arabia, Russia and the US ('Big-3') reduced crude/condensates exports in August m/m, pushing their combined share of global seaborne exports to a multiyear low according to Vortexa.
- Combined crude/condensates exports from the ‘Big-3’ stood at 12.7mbd in August - down almost 700kbd m/m.
- US exports fell the most sharply m/m - down by around 540kbd, while Saudi and Russian declines were much lower at 110kbd and 40kbd respectively.
- Total global crude exports (excluding Iran and Venezuela) fell by only 260kbd m/m as other countries boosted exports.
- The divergence between exports by the Big-3 and rest of the world can be observed back to Q1 of this year. (See Vortexa chart for details)
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok