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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.
OIL
OPEC+ cuts, led by Saudi Arabia and Russia have helped to draw global crude inventories according to Vortexa.
- Onshore crude inventories in 110+ countries, as well as oil at sea (in transit and on floating storage) – shows a huge crude stock draw emerging over the last couple of months.
- Vortexa figures show the huge stock draw emerging in early July based on a 4-week moving average.
- As of August, the implied crude shortfall has accelerated with the latest 4-week average showing draws of close to 5mbd.
source: Vortexa
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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