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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
There is no risk to Azerbaijan's oil infrastructure amidst the Nagorno-Karabakh conflict according to Kpler. Baku has reclaimed control of Nagorno-Karabakh without impacting oil infrastructure.
- The main BTC pipeline export route does not cross the separatist territory, ensuring uninterrupted operations and oil transportation.
- The BTC pipeline moves Azeri BTC Blend grade to Turkey's Ceyhan port, while the Baku-Supsa pipeline transports Azeri Light to Georgia with combined exports averaging 550kbpd so far in 2023.
- The rally in Azeri BTC valuations has come to an end after reaching 8 month highs but the downside for the distillate rich crude remains limited as European gasoil demand for heating increases in Q4.
- A sharp supply ramp up of 100kbpd is expected by the end of Q1 2024 due to the BP-operated Azeri Central East (ACE) platform coming onstream in the Azeri-Chirag-Deepwater Gunashli (ACG) field in the Caspian Sea.
Source: Kpler
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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