MNI: Japan Sumitomo Life Eyes 30-Year JGBs Above 2%

MNI: PBOC Conducts CNY2 Bln Via OMO Weds; Liquidity Unchanged

MNI: PBOC Sets Yuan Parity Lower At 7.1048 Weds; -4.92% Y/Y

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS WEDS

CHINA SETS YUAN CENTRAL PARITY AT 7.1048 WEDS VS 7.1059

MNI BRIEF: Hungary Central Bank Cuts To 7.75% As Expected

MNI China Liquidity Index™ – Conditions Ease In April

MNI DATA TABLE: MNI China Interbank Liquidity Index (Apr) - 1

MNI DATA TABLE: MNI China Interbank Liquidity Index (Apr) - 3

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Middle East to Increase Distillate Flows to EU

OIL PRODUCTS

ADNOC will provide 250k tonnes of diesel a month to German firm Hoyer in 2023 and further talks to expand the joint cooperation between UAE and Germany will take place soon.

  • The volume is equivalent to about two-thirds of all the German seaborne distillate imports from Russia last year according Vortexa data.
  • The EU is looking for alternative supplies of oil products ahead of the implementation of the EU ban on seaborne fuel imports in early February. Russia is still the biggest supplier of diesel to both Germany and EU. France is also looking to sign an agreement for diesel supplies from UAE.
  • Two giant new refineries, Al-Zour in Kuwait and Jazan in Saudi Arabia could significantly add to Middle East distillate flows to Europe.
BulletEnergy BulletsHomepageCommodities
BulletEnergy BulletsHomepageCommodities

To read the full story

Close

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.