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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
Iranian crude oil exported fell by 460kbpd on the month to just under 1mbpd in October, compared with an average of 1.37mbpd in the previous six months, as Chinese buyers are more cautious, Kpler data showed.
- “The reasons behind this decline are likely directly linked with rising tensions in the Middle East as the Israel-Hamas war goes on”, Kpler analyst Homayoun Falakshahi said.
- “The war could trigger stricter sanctions enforcement of US secondary sanctions,” Falakshahi added.
- “Up until now, NIOC’s discount of around $10-12/bbl to ICE Brent has just been too good to ignore for independent Chinese refiners,” he said.
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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