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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
July Saudi Arabia crude exports increase to the highest since April 2020 according to Bloomberg tanker tracker estimates.
- Seaborne supplies of 7.5mbpd were observed in July compared to 6.6mbpd in June.
- Saudi Arabia and OPEC+ are under pressure from US to increase production targets at the meeting which is taking place on Wed 3rd July. US President Biden said he expects more output from Saudi Arabia following his visit to the Middle East in July. Market expectation is that if any increase is agreed it is likely to be modest and gradual.
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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