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OIL
West Africa crude exports have reached a 15 month high through 25 June, driven by Nigeria according to Vortexa.
- “The country has increased its crude production according to OPEC, and we are also seeing a significant build in stocks,” said Armen Azizian last week.
- “Nigeria announced two new crude export terminals as well, so in the medium to long term we could expect to see increased exports,” he added.
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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