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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
Geopolitical issues no longer sharply influence oil prices and trade flows in Asia, amid ample supply options, industry participants said at Platts’ APPEC conference.
- Participants also cautioned that fragile demand and tepid margins may dictate the market trend in the short term.
- There has been no significant crude supply impact in Asia, despite geopolitical conflicts involving Russia, Ukraine, Iran and Israel, plus international sanctions.
- Supply-side issues are now less of a concern in APAC, with new sources also opening up via Canada’s TMX pipeline and more aggressive marketing of Nigerian crudes in the East.
- Russian barrels have also shifted East – namely to India and China – easing competition for Middle East crudes among other Asian importers.
- The key focus for the Asian oil market is weak near-term economic activity and fragile oil demand pressuring oil margins, Platts said.
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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