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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
So far this month, total seaborne oil loadings have been exceptionally high, as indicated by loading volumes breaking outside of the seven-year range according to Vortexa. The high levels of oil and oil products on the market add to the weight on crude prices this month.
- For the first time since April 2020, global crude/condensate loadings have almost hit 50mbd (March 1-15), up by around 400kbd from February. Across all products (clean, dirty, LPG/NGLs and chemicals), the total for the so far in March is 46mbd, also a multi-year high.
- It counters fears last year that Russian oil and oil products would fall off the market post sanctions and lead to global tightness.
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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