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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
Libyan crude/condensate exports currently sit at 800kbd so far in June according to Vortexa vessel tracking. That leaves flows unchanged from May which was a yearly low and 350kbd lower than the 2021 average.
- The roughly 30% decline in exports has been driven by protests across the country which have hampered both production and port activity.
- Libyan crude output figures have been thrown into disarray over the past week with conflicting reports, though 700,000-800,000 bpd seems the most accurate region. The Libyan NOC is yet to provide an official figure on the latest production numbers.
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.
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