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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
Oil markets have been largely driven by Iran/Israel headlines through April, though with no actual impact on oil flows, the geopolitical premium has been losing steam in recent days.
- The fears are clear, any impact to Iranian oil flows would place a significant hit on global supply with oil exports out of the sanctioned nation at a 6-year high in the first quarter according to the latest FT reports citing Vortexa figures.
- Tehran sold an average of 1.56mn barrels a day during the first three months of the year, almost all of it to China and its highest level since the third quarter of 2018.
- Iran’s success in exporting its crude underscores the difficulties facing the US and the EU as they seek to build up pressure on Tehran following its missile and drone attack on Israel.
- They have little option in the way of disrupting the flows without significantly ratcheting up tensions, while they also try and keep a lid on soaring energy prices as they face their own domestic battles against inflation, stoking fears of less rate cuts this year.
Source: FT/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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