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OIL
Caspian CPC Blend crude loadings for February are set to decline slightly on the month to the lowest since October according to a loading program.
February loadings are expected to be 4.85m tons or 1.37mb/d compared to 1.41mb/d in January.
- The terminal may see some disruption in late February due to bad weather with loadings potentially deferred until March. The CPC terminal halted operations and suspended loadings on 19 Feb amid storms in the region and may temporarily halt its crude supplies to the terminal.
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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