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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
Some oil tankers are achieving over $100,000/day in Europe according to Baltic Exchange data reported by Bloomberg, surging to the highest levels since late 2022.
- The move is driven by ships travelling longer distances and a risk premium added because of Middle East escalations.
- Vessels moving crude from the North Sea to mainland Europe were earning $101,000 a day this week according to the Baltic Exchange – twice the year-to-date average.
- Increased cargo flows in the Atlantic basin and seasonal factors have added support according to Jeffries analysis.
source: Baltic Exchange via Bloomberg
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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