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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
Singapore storage tank space is in demand due to a rise in interest and profits from mixing cheap Russian supplies with shipments from other sources according to Bloomberg sources.
- Singapore hasn’t banned Russian oil imports, but financial institutions are prohibited from financing or dealing with Russian goods and companies. Trading of Russian fuel remains a sensitive issue with some buyers not wanting to be seen purchasing the cargoes.
- Recent increased Russian oil flows to Asia and the Middle East are heading to blending and redistribution hubs like Singapore and Fujairah in the UAE before being re-exported globally to markets such as Northeast Asia.
- Singapore terminal imports of Russian naphtha and fuel oil more than doubled from last year in December 2022 according to Vortexa data.
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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