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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
Trump’s impending return to the White House has returned the possibility of a crack-down on Iranian sanctions enforcement, Bloomberg said.
- Trump introduced a ‘maximum pressure’ campaign to choke off Tehran’s petroleum exports in 2019.
- Conversely Biden had been lax on enforcement, preferring to maximise global oil supply.
- Iranian flows could be curtailed by 0.75m-1m b/d, according to Ben Cahill, energy markets and policy director at the University of Texas.
- Rapidan Energy estimates that Iranian flows could fall by 1.3m b/d, while Energy Aspects saw it falling by up to 1m b/d if a sanctions crackdown is enforced.
- Iran’s oil exports averaged 1.7m b/d in Q3, up around two-and-a-half times the levels in H2 2019, according to TankerTrackers.
- Trump may also look to recalibrate the US-Saudi relationship, with the Kingdom recently normalising relations with Iran.
- MNI COMMODITY WEEKLY: Sanctioned Barrels Face Potential Shake-Up: https://enews.marketnews.com/ct/x/pjJscVTZkuQI6a4zdxkgGQ~k1zZ8KXr-kA8x6mTC5OsptIPjO1OcQ
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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