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
The CPC crude loading schedule for September has been revised significantly lower from 5.15m tons to 3.997m tons according to Bloomberg.
- The final plan equates to 1.05mbpd which is the lowest since Oct 2016. This compares to a revised 1.39mbpd in August and nearly 1.5mbpd at the start of the year.
- The revision is due to a disruption at the CPC terminal where only one of three mooring are currently operational due to damage to buoyancy tanks reported after inspections. Reduced output is also due to recent maintenance at the Tengiz field and planned maintenance for Karachaganak for Sep 12 to Oct 6.
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok