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
Iraqi crude flows towards Europe are being impacted by Red Sea disruptions according to Vortexa.
- Europe’s crude imports from Iraq are set to reach ~500kbd in February, flat m/m but nearly 400kbd below the 2023 average.
- Expected arrivals in March (days 1-25) suggest a 130kbd increase in imports m/m, as rerouted barrels around the Cape of Good Hope started to arrive again as of 20 Feb.
- The ITP Pipeline issue has also constrained volumes bound for Europe over the last year with Kirkuk flows on the pipeline absent since March 2023.
Source: 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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok