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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.
REFINING
French refinery strikes have resulted in an increase in French crude inventories
- •They have risen by 13% compared with a month ago and are at 14 month-highs at over 48 million bbls, according to consultancy OilX.
- •WTI Midland and CPC crude grades usually make up 30% - or 300,000 barrels per day (bpd) – of French crude imports, but no cargoes have been delivered this month in a rare occurrence, according to Kpler.
- •Exxon Mobil expects a full restart at its refineries to take 2-3 weeks. Three TotalEnergies refineries have returned from strikes this week, stoking optimism the others will follow.
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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