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OIL
The Caspian CPC blend loadings have been set at 3.85m tons in October compared to a revised 3.997m tons in September and 5.03mtons in August.
- The October loadings, equivalent to 0.98mbpd, are the lowest since September 2016.
- Maintenance at the Karachaganak field until Oct 6 and the outage of two moorings at CPC terminal are combining to limit CPC output. Ongoing work at Tengiz and a gas leak at Kashagan last week resulted in a revised September loading schedule down from 5.15m tons.
Source: Bloomberg
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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