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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
Crude tanker demand could be 6% higher in 2023 and outpacing supply due to the potential for increased oil consumption and longer voyage times according to Clarksons’ forecasts.
- European importers are seeking alternatives to Russian supplies as oil embargoes have led to longer voyage times. About 60% of Russian oil exports went to Europe before the war, according to the IEA.
- Global crude oil demand growth may moderate to 1.2% in 2023 from 2.3% this year, according to the EIA.
- Shipping costs have already risen and should remain high until Q3 23, when recessionary pressures may hit according to Vantage Shipbrokers.
Source: Clarksons / 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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