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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
Iran is shipping the most crude in almost five years, when US sanctions were re-imposed in 2018 according to a several of analysts including Kpler Ltd., SVB Energy International, FGE and the International Energy Agency.
- The majority of Iranian crude oil flowing to China, scooping up discounted barrels.
- Several banks have revised down Brent crude forecasts for this year amid higher-than-expected supply, also from Iran.
- Crude shipments out of Iran reached 1.6mbpd in May according to Kpler. This is double from levels seen last autumn.
- Production has hit 2.9mbpd, the highest since late 2018 according to the IEA.
- Consultants SVB Energy, Petro-Logistics SA and FGE believe that output is even higher, maybe surpassing 3mbpd.
- “Iran’s crude exports smashed it last month. Iranian crude is extremely interesting for those willing to take the risk to buy,” said Homayoun Falakshahi, a senior analyst at Kpler.
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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