Free Trial
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
Iraq’s crude exports rose for a second month in May, despite pledges to compensate for overproduction beyond its OPEC+ targets, according to Bloomberg.
- Total observed crude exports rose to 3.46m b/d in May, compared to 3.42m b/d in April.
- Iraq is still trying to meet its promises to cut production to levels promised as part of an OPEC+ voluntary deal but continues to overproduce.
- All the exports came from Basra, with exports via pipeline to Ceyhan remaining closed.
- Iraq is among OPEC+ countries competing with discounted Russian barrels for customers in China and India.
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok