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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
Greek shipowners are moving away from Russian crude movements according to Bloomberg vessel tracking.
- Greek tankers moving Russian fuel fell to eight in January, down from a 2023 peak of 40 in May.
- Greater scrutiny of the $60/bbl G7 price cap has prompted the fall, while attacks in the Red Sea have also caused numbers to dip. Despite assurances from the Houthi’s that Russia and China vessels would be safe, a Russian cargo was struck in recent weeks.
- According to Argus figures, ESPO traded at prices about $13/bbl above the price cap in the first four weeks of 2024. Urals loaded at terminals in the Baltic was about $1/bbl over the cap.
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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