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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
Europe is set to import a record 1.84mb/d of crude from the US Gulf Coast in March according to tanker-tracking and port agents data. The total March volume of 57.1mbbls is the highest since the US lifted the crude export ban in 2016.
- A total of 19.5mbbld on 22 tankers has already arrived with another 38 tankers carrying 37.6mbbls expected before the end of the month.
- The strong imports have combined with blockages at French refineries to push spot differentials of various Atlantic basin crude grades lower. The North Sea Ekofisk differential is the lowest in nearly five months according to Bloomberg sources.
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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