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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
A US bound vessel carrying crude oil is taking a several thousand-mile detour to by-pass the congestion in the Panama Canal amid a drought.
- The Frankopan loaded around 0.6m bbl of heavy crude from Salina Cruz on Mexico’s Pacific Coast.
- It is now headed towards the Magellan Strait near the Southern tip of South America, according to Bloomberg. Its final destination is the US Gulf Coast.
- An ongoing drought and congestion at the Panama Canal have forced some vessels to consider alternate routes such as the Suez Canal or the Cape of Good Hope.
- Vessels without reservations at the Panama Canal Face “indefinite delays”.
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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