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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 oil exports are increasing and much of it appears to be heading to China at a time when the markets are concerned by the impact of further sanctions on Russia exports.
- Iranian oil exports increased to about 1.3mbpd in November, and remained largely unchanged in December, according to data from Vortexa and Kpler. Exports are near the highest in four years.
- Iran is forecast to increase shipments of crude and refined products by as much as 200kbpd this year according to FGE.
- A revival of the 2015 Iran nuclear deal and the easing of oil sanctions which would bring even more Iranian oil back onto the market appears extremely unlikely.
- Some Iranian shipments are heading to China after rebranding as shipments from Malaysia according to Bloomberg. Chinese oil imports from Malaysia surged in 2022 in attempts to disguise sanctioned barrels.
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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