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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
Both light-sweet and heavy-sour crude floating storage seen falling according to Vortexa on the seven-day moving average.
- Floating storage for both light sweet and heavy sour crudes have remained around similar levels since April following record high levels of US light sweet crude making its way to export markets.
- US light sweet crude tankers continue to float offshore Rotterdam gradually discharging while Saudi crude previously floating off Ain Sukhna has been discharging.
- Floating economics diminishing which is expected to drive volumes of both lower.
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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