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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
Calls from Iran for Muslim countries stop exports of oil to Israel are likely to have little impact, based on Kpler dated cited by Bloomberg.
- Israel’s imports of crude are around 220k b/d, with around 50% of the barrels coming from Kazakhstan and Azerbaijan - Muslim majority countries.
- However, Israel has alternative supplies, with West African producers such as Gabon a key supplier, while exports from the US and Brazil are climbing steadily.
- Middle East countries are a very small proportion of Israel’s crude sources, with no barrels coming from Iran.
- Likely more concerning for Israel is the security of its oil terminals, according to Bloomberg. Ashkelon, located in the south near Gaza, takes in around 170k b/d. It was closed after Hamas’ initial attack on Oct. 7 and could be at risk of further disruption.
Source: Bloomberg
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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