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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.
OIL
ADNOC’s exports of Upper Zakum crude have trended downwards over the last eight months, complicating plans for a much-discussed futures contract underpinned by the grade, Platts said.
- Upper Zakum exports have hovered around 0.7m b/d, falling as low as 0.589m b/d in June.
- The decline in exports of the medium sour crude comes as ADNOC completes its Ruwais West refinery transformation allowing the 418k b/d refinery to process heavier crudes.
- The proposed Upper Zakum futures contract was targeted for a launch in H2 2023 but has since been delayed, with no updates from ADNOC or ICE on when it may be launched.
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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