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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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Free AccessNigeria’s Dangote Buys Brazilian Crude
Nigeria’s 650k b/d Dangote refinery is to import a cargo of Brazilian crude, adding to the large number of overseas barrels it is taking, Bloomberg said.
- Dangote will receive 1m bbl of cargo of Brazil’s Tupi crude for delivery in H2 August.
- The cargo was sold by Petrobras, traders told Bloomberg and it marks the first sales of Brazilian crude to Nigeria.
- The purchase of Brazilian crude highlights that crude grades from the Americas, including WTI, remain competitively priced for the refinery, allowing it to snap up imports.
To read the full story
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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.